Solana ETFs Surge: Fidelity Joins the Competition as Grayscale Files Amendment

Several major players in the crypto space are accelerating their efforts to bring Solana ETF proposals to market. Franklin Templeton, Galaxy Digital, VanEck, and Grayscale have all submitted amendments for their spot Solana exchange-traded product filings. Grayscale’s filing includes a disclosed fee structure of 2.5%. Notably, Fidelity also entered the race by submitting its first S-1 for a Solana-based exchange-traded fund (ETF). The move marks an official step towards launching a Solana-focused fund, according to sources close to the situation.