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The world of crypto investments is changing fast, and Solana (SOL) is now at the forefront. Cboe BZX Exchange has officially submitted Form 19b-4 to the U.S. Securities and Exchange Commission (SEC) for Fidelity Solana ETF, another move toward greater institutional investment in Solana-based products.
Fidelity Enters the Solana ETF Race
Fidelity Investments, the world’s largest asset manager, is among the latest applicants for a place Solana ETF. The company is joined by an increasingly large group of applicants, including:
Canary Capital
Franklin Templeton
Grayscale
VanEck
These companies are applying to the SEC for approval to list Solana ETFs, following growing institutional demand for the blockchain network.
Futures-Based Solana ETFs Already Trading
As spot Solana ETFs wait for regulatory approval, futures-based products are already in circulation. On March 20, Volatility Shares rolled out:
Volatility Shares Solana ETF
Volatility Shares 2X Solana ETF (leveraged)
These ETFs track Solana futures, providing indirect exposure to the asset.
The SEC’s ruling on these spot Solana ETFs will be a watershed moment for the crypto space. If approved, they would give traditional investors regulated access to Solana, potentially increasing its adoption and market cap.
As the regulatory process unfolds, everyone is watching for the SEC’s response. Will Solana be the next to gain spot ETF approval after Bitcoin and Ethereum? Tune in.
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