A significant development has emerged as investment giant Fidelity has filed for a spot exchange-traded fund (ETF) targeting Solana. This comes amidst growing anticipation for more altcoin spot ETFs to receive regulatory approval. Bitwise and Canary have updated their previous filings for Solana Spot ETFs, now including staking elements. Furthermore, Invesco Galaxy’s Solana Spot ETF application was recently registered in Delaware, a positive signal despite not being an official approval. The SEC has previously allowed Bitcoin and Ethereum spot ETFs, but has yet to approve any for other altcoins. However, with the recent shift in the SEC’s stance under its new leadership, the industry anticipates more such approvals and potentially even greater adoption of staking in these types of funds. It is crucial to remember that this information does not constitute investment advice.