Fidelity Seeks SEC Approval for Solana Spot ETF

Financial giant Fidelity Investments has formally filed an application with the U.S. Securities and Exchange Commission (SEC) to create a spot Solana (SOL) exchange-traded fund (ETF). This move is expected to unlock significant investment opportunities for Solana, as institutional investors stand poised to channel billions into the blockchain platform if the SEC approves the ETF listing on the Cboe BZX Exchange.