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Fidelity Investments Files for Spot Solana SOL ETF with CBOE


by Jaxon Gaines
for Watcher.Guru
Fidelity Investments Files for Spot Solana SOL ETF with CBOE

Fidelity Investments has officially filed for a spot Solana SOL ETF with the Chicago Board Options Exchange (CBOE). The firm already runs a spot Bitcoin and Ethereum exchange-traded fund and is looking to be one of the first firms to launch a spot SOL ETF upon SEC approval.

The Cboe BZX Exchange, a subsidiary of the Chicago Board Options Exchange Group, has submitted a proposed rule change to the U.S. Securities and Exchange Commission (SEC) through a 19b-4 filing. This move marks a significant step in the ongoing efforts to introduce a Solana-based exchange-traded fund in the U.S.

Throughout the last several weeks, all eyes have been on what cryptocurrencies could join Bitcoin and Ethereum as the only exchange-traded products in the US. Now, the talks of a Solana ETF have heated up with Fidelity’s application.

Unlike other applicants like Grayscale, Franklin Templeton, and VanEck, Fidelity oversees a significantly larger asset base—approximately $15 trillion in total client assets. It provides substantial institutional and mainstream weight and credibility behind its application for a Solana-focused investment product. With Bitcoin and Ethereum’s early ETF success, Solana is expected to attract just as much attention and hype upon approval/launch.

Fidelity’s filing for a spot Solana SOL ETF would signal heightened institutional demand for the altcoin. The Solana SOL price is now up by 16% in the past week, trading as high as $143 on Tuesday. Experts expect the asset to march towards $300 upon official approval of the first Spot SOL ETF.

Read the article at Watcher.Guru

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Fidelity Investments Files for Spot Solana SOL ETF with CBOE


by Jaxon Gaines
for Watcher.Guru
Fidelity Investments Files for Spot Solana SOL ETF with CBOE

Fidelity Investments has officially filed for a spot Solana SOL ETF with the Chicago Board Options Exchange (CBOE). The firm already runs a spot Bitcoin and Ethereum exchange-traded fund and is looking to be one of the first firms to launch a spot SOL ETF upon SEC approval.

The Cboe BZX Exchange, a subsidiary of the Chicago Board Options Exchange Group, has submitted a proposed rule change to the U.S. Securities and Exchange Commission (SEC) through a 19b-4 filing. This move marks a significant step in the ongoing efforts to introduce a Solana-based exchange-traded fund in the U.S.

Throughout the last several weeks, all eyes have been on what cryptocurrencies could join Bitcoin and Ethereum as the only exchange-traded products in the US. Now, the talks of a Solana ETF have heated up with Fidelity’s application.

Unlike other applicants like Grayscale, Franklin Templeton, and VanEck, Fidelity oversees a significantly larger asset base—approximately $15 trillion in total client assets. It provides substantial institutional and mainstream weight and credibility behind its application for a Solana-focused investment product. With Bitcoin and Ethereum’s early ETF success, Solana is expected to attract just as much attention and hype upon approval/launch.

Fidelity’s filing for a spot Solana SOL ETF would signal heightened institutional demand for the altcoin. The Solana SOL price is now up by 16% in the past week, trading as high as $143 on Tuesday. Experts expect the asset to march towards $300 upon official approval of the first Spot SOL ETF.

Read the article at Watcher.Guru

Read More

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