Fidelity Expedites Solana ETF Filing, Potential Launch in November

Fidelity has accelerated its efforts to launch a Solana exchange-traded fund (ETF), submitting an amended filing for SEC approval by mid-November. This move is driving market optimism and could potentially boost SOL price stability above $190. Key players like Fidelity, the SEC, and asset managers like Bitwise and VanEck are all involved in this process. 20-day statutory rule implementation demonstrates a commitment to efficient regulatory processes for novel crypto assets.