Fidelity Removes Delay for Solana ETF, Awaiting SEC Approval

Fidelity has made a significant move in its pursuit of a Solana exchange-traded fund (ETF). The company recently updated its S-1 filing related to the SOL ETF, removing the ‘delay amendment’ previously preventing automatic registration. This change grants the U.S. Securities and Exchange Commission (SEC) control over when the ETF becomes fully active. This action aligns with Bitwise’s already approved Solana ETF, highlighting a similar path for regulatory approvals.