Solana ETFs Take Off: Fidelity and Others Accelerate Launch, While XRP Waits

The crypto ETF market is experiencing a surge of activity, as major players like Fidelity Digital Assets are now joining the race to bring Solana-based exchange-traded funds (ETFs) to market. Notably, Fidelity has removed a delaying amendment from its upcoming Solana Fund registration statement, accelerating its path towards SEC approval. This follows a similar move by Bitwise earlier this week, which launched the first U.S. Solana ETF with direct staking exposure – BSOL. 🚨The trend is rapidly gaining momentum: Canary Funds and VanEck have also updated their Solana ETF filings to adopt this fast-track method. If listing exchanges approve parallel 8-A filings, a batch of new SOL ETFs could debut as early as mid-November.