Fidelity Investments has received acknowledgment from the SEC regarding its spot Solana ETF filing, marking a major step towards potential approval and market excitement. This development follows a series of recent regulatory developments in the crypto space, including notable advancements on the STABLE Act. Notably, this marks Fidelity as the first company to receive an official response from the SEC after numerous filings for similar products were previously rejected. 24 hours ago, market sentiment was influenced by US trade tariffs announced by former President Trump, escalating tensions between nations. Meanwhile, in the crypto world, the spotlight fell on Solana, with its spot ETF gaining traction as analysts anticipate a potential price rally. This optimism stems from several factors: The successful launch of the Bitcoin ETF has been instrumental in propelling Bitcoin prices, while Solana’s altcoin status continues to hold. Despite recent market volatility, SOL remains resilient, displaying a strong foundation above key support levels. If approved, this could further fuel its price surge.