The U.S. Securities and Exchange Commission (SEC) has formally acknowledged the submitting for Fidelity’s spot Solana (SOL) Exchange-Traded Fund (ETF).
This marks a key improvement within the monetary business, as Fidelity seeks to checklist its Solana ETF on the Cboe BZX Exchange. The acknowledgment comes after Fidelity submitted a proposed rule change, paving the way in which for the potential approval of the product.
Fidelity’s Spot Solana ETF Proposal
The SEC’s acknowledgment follows Fidelity’s submitting to checklist and commerce shares of the Fidelity Solana Fund below the Cboe BZX Exchange. The proposed rule change, initially submitted on March 25, was later amended on April 1, 2025, to make clear sure factors and add extra particulars.
The amended proposal goals to checklist the Solana ETF below BZX Rule, which pertains to commodity-based belief shares. According to the Cboe BZX Exchange, Fidelity plans to register the shares with the SEC by way of a registration assertion on Form S-1.
Fidelity’s expertise with crypto ETFs, having launched the Fidelity Wise Origin Bitcoin Fund (FBTC) and the Fidelity Ethereum Fund (FETH), has ready it for this new initiative. FBTC has drawn substantial curiosity, accumulating almost $17 billion in belongings, whereas FETH at the moment manages round $975 million.
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Kelvin Munene Murithi
Kelvin is a distinguished author with experience in crypto and finance, holding a Bachelor’s diploma in Actuarial Science. Known for his incisive evaluation and insightful content material, he possesses a robust command of English and excels in conducting thorough analysis and delivering well timed cryptocurrency market updates.
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