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Fidelity Files For Spot Solana ETF With SEC

Coin WorldTuesday, Mar 25, 2025 2:08 pm ET
1min read

Fidelity Investments, a prominent asset management firm, has filed for a spot Solana ETF with the US Securities and Exchange Commission (SEC). The filing, submitted through the Cboe BZX Exchange, seeks approval for the listing and trading of shares of the Fidelity Solana Fund. This development comes after the firm registered a Fidelity Solana Fund in Delaware last week.

This move by Fidelity follows a series of filings by exchanges and fund sponsors seeking to launch ETFs holding Solana and other cryptocurrencies. The SEC must approve the filing before trading of the Fidelity Solana Fund can commence on the exchange.

Solana, currently the sixth-largest crypto asset by market capitalization, has seen growing interest from asset managers. Several firms, including Grayscale, Franklin Templeton, and VanEck, have filed applications with the SEC to launch funds holding the token.

Fidelity has previously issued two spot crypto ETFs: the Fidelity Wise Origin Bitcoin Fund (FBTC) and the Fidelity Ethereum Fund (FETH). Both launched last year and have attracted significant assets. Many of Fidelity’s clients are interested in owning cryptocurrencies, and a large portion already does. The firm has been working on its digital asset ecosystem since 2014.

This filing by Fidelity and Cboe is part of a broader trend of asset managers seeking regulatory approval for cryptocurrency ETFs. The move signals heightened institutional demand for Solana, a blockchain platform known for its high throughput and low transaction costs. The approval of a spot Solana ETF would provide investors with a regulated and transparent way to gain exposure to the cryptocurrency, potentially driving further adoption and investment in the Solana ecosystem.

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ken119
03/25

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Ccjpatel
03/26
@ken119 Cool
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A-B-1-0
03/25
Fidelity's Solana ETF filing is like bringing a rocket to a stock car race—fast, efficient, and about to shake things up
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_punter_
03/25
@A-B-1-0 Think it'll boost Solana price?
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Dry_Entertainer_6727
03/25
@A-B-1-0 Agreed, Fidelity's move is fire.
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Repa24
03/25
Fidelity going all-in on Solana could pump the price. 🚀 Just hope the SEC doesn't slow-roll this one.
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OhShit__ItsDrTran
03/25
Holding $SOL through Fidelity, easy peasy
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_punter_
03/25
Spot Solana ETF = more mainstream crypto adoption
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fgd12350
03/25
Fidelity going long on Solana, bullish much? 🚀
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Rare_Ganache461
03/25
@fgd12350 Agreed, Fidelity's move looks bullish.
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League_United
03/25
@fgd12350 Think Solana's gonna moon?
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stydolph
03/25
Solana's throughput rocks, institutions taking notice
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Elichotine
03/25
Fidelity's been on a crypto roll. If this one clears, Solana could see some serious action from the big players. 🚀
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GoStockYourself
03/25
Cboe teaming up with Fidelity, solid play
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BenGrahamButler
03/25
Hope SEC doesn't drag their feet on this one. Solana's killer throughput could really shake things up if institutions dive in.
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Searchingstan
03/25
More ETFs mean tighter spreads. Tighter spreads mean less hunting for prices. Less hunting = more time for memes.
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