Fidelity Investments has officially applied to the Chicago Board Options Exchange (CBOE) for a Solana Sol ETF spot. The company already operates Spot Bitcoin and Ethereum Exchange Trade Funds and aims to become one of the first companies to launch Spot Sol ETF upon approval by the SEC.
Just In: Fidelity file for Sopt Solana ETF with cboe.
– watcher.guru (@watcherguru) March 25, 2025
Cboe BZX Exchange, a subsidiary of the Chicago Board of Directors Options Exchange Group, has filed a proposed rule change with the US Securities and Exchange Commission (SEC) through 19B-4 filing. The move tells us a key step in the ongoing efforts to introduce a Solana-based exchange trade fund in the US
All eyes have been about what cryptocurrencies are like that can take part in Bitcoin and Ethereum as the only exchange-selling product in the US. Currently, Solana ETF’s speeches have been heated by the application of Fidelity.
Unlike other applicants such as Grayscale, Franklin Templeton and Vaneck, Fidelity is close to $15 trillion in total assets of its client assets. This provides considerable institutional and mainstream weight and reliability behind its application to Solana-centric investment products. With the success of Bitcoin and Ethereum’s early ETFs, Solana is expected to attract just as much attention and hype at approval/release.
Fidelity’s submission to the Solana Sol ETF spot shows the growing institutional demand for Altcoin. Solana Sol Price has risen 16% in the past week to $143 on Tuesday. Experts hope that the assets will march towards $300 with official approval of the first SpotSol ETF.
(TagStoTRASSLATE) Crypto ETF (T) Sol (T) Solana (T) Solana ETF
