SEC Acknowledges Fidelity’s Solana ETF Filing; Approval Odds Surge to 83%

The U.S. Securities and Exchange Commission (SEC) has officially acknowledged Fidelity Investments’ application for a spot Solana ETF, marking the first such response from the regulatory body. This development boosts the chances of approval for the product, with current predictions indicating an 83% likelihood as of April 4, 2025, according to Polymarket data. RSI and MACD indicators are also showing signs of easing bearish pressure on SOL price.