Fidelity’s Solana ETF Bid Signals Major Advancement for Crypto Investing

Fidelity has officially submitted its proposal to the SEC for a Solana (SOL) exchange-traded fund (ETF). This marks a significant milestone in the evolution of crypto investment products within traditional financial markets. The application, which targets the Cboe BZX Exchange, is contingent on approval from the SEC, after an updated proposal was submitted on March 25th, with clarification expected by April 1st, 2025. The Cboe BZX will be responsible for reviewing and listing this new Solana ETF upon SEC clearance.