SEC Acknowledges Fidelity’s Solana Fund Application: A Major Step for Altcoin ETFs

The U.S. Securities and Exchange Commission (SEC) has acknowledged the listing application of Fidelity’s Solana fund, submitted by the Cboe BZX Exchange on April 9, 2025. This move could bring significant investment from institutions into the cryptocurrency space. Analysts predict a range of $3 billion to $6 billion in potential inflows for this new investment product.