WHY Kurs WHY

Fidelity has quietly made a move that’s turning heads across the crypto space: a new statutory trust called the “ Fidelity Solana Fund ” has been registered through CSC Delaware Trust Company. While the firm hasn't confirmed that this is a step toward a Solana exchange-traded fund (ETF), the timing and context are hard to ignore. With Solana gaining traction as one of the most scalable blockchains and other firms like Franklin Templeton and Volatility Shares ramping up Solana-related products, investors are wondering: Could Fidelity’s entry ignite a massive rally in SOL? While no Solana ETF filing has been made (yet), this statutory trust registration closely mirrors the early moves Fidelity made before launching its wildly successful Bitcoin ETF (FBTC), which now holds $16.5 billion in AUM . Fidelity’s decision to file under a new name — rather than immediately launching a product — suggests a strategic buildup rather than a publicity stunt. In ETF product development, a statutory trust is typically a precursor to a formal SEC filing. Given Fidelity's history and clout, this subtle signal could be the first domino to fall in the next wave of institutional crypto adoption. Solana is no stranger to headlines — it’s fast, cheap, and growing rapidly in developer adoption and DeFi activity . But an ETF would be a game-changer, for two reasons: Historically, ETFs have acted as price catalysts. After the first U.S. Bitcoin ETF approval, BTC rallied over 60% in the following months. Solana could follow a similar trajectory — especially given its lower market cap and faster growth curve. Fidelity isn’t alone. Volatility Shares is launching two Solana futures ETFs next week (SOLZ and SOLT), and Franklin Templeton has proposed an innovative Solana ETF that includes staking rewards as income. Meanwhile, VanEck, Grayscale, ProShares, and others have tried — and failed — to get approval for Solana products. The difference? Fidelity knows how to win with regulators. It succeeded where others didn’t with FBTC. If anyone can get a Solana ETF through the door, it's likely Fidelity. If Fidelity files for a Solana ETF and the SEC shows even mild willingness to consider it, we could see an explosive rally in SOL’s price. Here’s why: In a bullish case, if the ETF hype aligns with broader crypto market momentum, Solana could retest or even surpass its previous ATH within months of an approval. The big hurdle remains the SEC. To date, all Solana ETF proposals have been either ignored or denied. Bloomberg’s James Seyffart pointed out that the SEC has refused to even acknowledge the most recent filings. But with the agency recently greenlighting multiple Bitcoin ETFs, including Fidelity’s, there’s growing pressure to apply the same logic to other large-cap digital assets like Solana. Fidelity’s influence, track record, and legal expertise could finally tip the scales. Here are the key catalysts to track: While nothing is confirmed yet, Fidelity’s “Solana Fund” registration is not a random act. It fits a familiar pattern — one that previously ended in a major ETF approval and billions in inflows. If Fidelity pulls the trigger and the SEC begins to soften on altcoin ETFs, Solana could be the next big winner in the ETF race. If an official ETF filing happens in Q2 2025, SOL could reach $180–$220 within 60–90 days of the announcement, barring a broad market downturn. The Solana ETF race has begun. And Fidelity might just be in the lead.

A unique comparison you won’t find elsewhere: Yellow zones mark peaks in USDT + USDC dominance, signaling selling pressure (traders moving to stablecoins). Green zones reflect bottoms in dominance, indicating buying pressure (traders moving into crypto). Current situation: Dominance hit a strong triple resistance and is now dropping. This suggests fresh buying is entering the market. Interestingly, BTC pumped from $74K to $109K without a significant drop in dominance—why? Because the rally was funded by rotating capital from altcoins into BTC. Conclusion: Falling USDT+USDC dominance = bullish signal Altcoins may follow BTC soon as capital rotates back. #BTC #CryptoMarket #AltcoinSeason

Most people view Bitcoiners as a cult that is trying to get more people into their pyramide scheme. Bitcoiners have seen that it’s the key to fixing the world, but for most people that seems crazy. That’s why you’re either a hater of Bitcoin or a hardcore Bitcoiner.

I don’t know about you, but if I had a dollar for every time I heard: “bitcoin isn’t backed by anything—it’s worthless.” I’d have about $21. This is one of the most common (and misguided) criticisms of Bitcoin. But let’s take a step back—why is this argument flawed, and why does intrinsic value not actually exist? 🔹 Gold is valuable because its scarcity and durability have allowed it to preserve wealth for millennia. 🔹 A Picasso painting is valuable because people desire it for its artistic and cultural significance. 🔹 Apple stock is valuable because it represents ownership in a company that produces sought-after products. Each of these derives value from perception, demand, and utility—not from some universal, intrinsic property. What About bitcoin? Bitcoin has value because it offers something no other asset in history has provided: ✅ Absolute scarcity – There will only ever be 21 million bitcoin. No government or central bank can change this. ✅ Digital portability – It’s intangible and can be sent instantly across the globe without intermediaries. ✅ Decentralization – No single entity controls Bitcoin; it operates on a global, trustless network. What something is worth depends entirely on who values it and in what context. A down jacket in the Arctic? Life-saving. The same jacket in the Sahara? Useless. The same applies to money. In a stable economy, people typically trust their currency. But in a country facing hyperinflation, a scarce, borderless asset like bitcoin becomes a lifeline. Does Something Need to Be ‘Backed’ to Have Value? The US dollar was once backed by gold. That ended in 1971. Today, it’s backed by nothing but trust—yet people still use it. The reality? Utility creates value, not some arbitrary backing. Just like gold, art, or stocks, bitcoin is valuable because people recognize its unique properties and demand it. If a better competitor emerges, Bitcoin will lose relevance. But for now? Nothing else comes close. Agree, disagree? I'd love to hear your thoughts below 👇 $BTC

“Bitcoin is used for crime.” So is cash, gold, and the banking system—yet no one argues for banning them. The truth? All money is used for crime. But, when it comes to Bitcoin... 🔹 Less than 1% of Bitcoin transactions have been linked to illicit activity since 2016. 🔹 By comparison, estimates suggest that 11-12% of the US economy operates underground, with cash (like the US dollar) as the preferred tool. 🔹 A 2020 report found that only 0.34% of Bitcoin’s transaction volume was tied to illicit use. Despite these facts, high-ranking officials continue to push misleading narratives. Take US Treasury Secretary Janet Yellen’s claim: “Cryptocurrencies have been used to launder the profits of online drug traffickers; they’ve been a tool to finance terrorism.” Sounds alarming, right? What she's not sharing is that all money is used for crime—and Bitcoin's illicit activity use is miniscule in comparison to US dollars. HSBC alone laundered $881 million for drug cartels and got nothing more than a slap on the wrist. I don't hear anyone calling for a US dollar ban, do you? 🔹 So… why is Bitcoin singled out? Bitcoin is transparent, auditable, and accountable—the exact opposite of our opaque financial system built on control. It disrupts the status quo by removing middlemen, limiting government influence, and empowering individuals. So it’s no surprise that those in power would rather paint it as a threat than acknowledge what it truly is: financial freedom. I want to address two more crucial points about Bitcoin’s so-called “criminal” use. 1⃣ Bitcoin is one of the worst monetary choices for criminals. Every transaction is recorded on a public, immutable ledger—unlike cash or offshore banking, which are truly opaque. That’s why law enforcement agencies worldwide actively use Bitcoin’s transparency to track illicit activity. 2⃣ What’s considered a crime depends entirely on where you live. 👉 In North Korea, accessing platforms like Facebook or Twitter can result in imprisonment or execution. 👉 In countries like Pakistan and Saudi Arabia, renouncing religion can carry the death penalty. 👉 Several countries in the Middle East and North Africa have laws that limit women’s financial autonomy. In some nations, women may need male guardian approval to access financial services. If a woman in one of these countries saves money in bitcoin to escape an abusive marriage, is that a crime? If someone uses bitcoin to flee persecution, should they be labeled a criminal? What we call “illicit activity” often depends on who gets to make the rules—and those rules don’t always align with basic human rights. Bitcoin isn’t just about money. It’s a tool for financial freedom in places where oppressive governments decide who gets to live with dignity and who doesn’t. So before we dismiss Bitcoin as a tool for crime, we should ask: Is breaking unjust laws truly criminal—or is it simply the pursuit of freedom? Thanks for reading! Tomorrow, we’ll tackle another big question: Isn’t bitcoin worthless—it has no intrinsic value? Stay tuned. 🚀 $BTC