On April 3, 2025, the U.S. Securities and Exchange Commission (SEC) officially accepted the application for the creation of a spot Solana ETF from investment firm Fidelity. The regulator has 45–90 days to make a decision – to approve, deny, or initiate an official investigation regarding the submitted application.
This is reported by Business • Media
According to available information, Fidelity plans to offer investors the opportunity to invest in Solana (SOL) through an ETF that will hold Solana and partially engage in staking through trusted providers. This exchange-traded fund will be listed on the Cboe BZX exchange.
The publication The Block noted that the SEC’s acknowledgment of the application likely indicates the publication of a document in the Federal Register, which will mark the beginning of the approval process for the new exchange-traded fund that will track the price of Solana.
At the time of publication, Solana is trading near the $119 mark:
Chart of SOL/USDT on the Binance exchange. Data: TradingView.
It was also previously reported that the SEC has officially accepted applications for the launch of spot Solana ETFs from companies such as Canary Capital, Bitwise, 21Shares, and VanEck.
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