Core Viewpoint - The launch of Fidelity's spot Solana ETF is expected to boost Solana's market position and potentially trigger a price rally for the cryptocurrency, which is currently the sixth largest in the world [1][3]. Group 1: Market Impact - Analysts predict that the combination of Fidelity's ETF launch and the recovery of the broader crypto market could lead to a price increase of up to 16% for Solana this month, with a target range of $156–$160 by late November [2]. - Solana's price has decreased by 27% over the past month, currently trading at $137 [2]. Group 2: Institutional Interest - The launch of Fidelity's ETF signifies a major shift in Wall Street's perception of digital assets, as financial giants are increasingly entering the crypto space, encouraged by favorable regulatory conditions [3]. - Canary Capital is also set to launch its SOLC fund, which will incorporate Solana's staking capabilities, indicating growing institutional interest in Solana [4]. Group 3: Competitive Landscape - Fidelity's move to launch a Solana ETF highlights the absence of BlackRock, a major player in the crypto ETF market, which has not yet announced plans for a spot Solana ETF, presenting a potential opportunity for Fidelity [6]. - The recent success of Canary's XRP ETF, which saw nearly $250 million in first-day inflows, sets a precedent that Solana may also benefit from [5].