Fidelity’s Solana ETF Filing Gets SEC Approval: Market Impact Minimal

The U.S. Securities and Exchange Commission (SEC) has confirmed Fidelity’s application for a Solana exchange-traded fund (ETF). This move marks the latest development in the Solana ETF race, with several other companies also seeking regulatory approval. 📈 Despite this significant milestone, Solana’s price remains down over 12% in recent 24 hours, aligning with broader market decline. According to data from CoinGecko, SOL is currently facing a sell-off that has impacted its price.