Fidelity Files for Solana Spot ETF with Staking Options

Fidelity Investments has taken a significant step forward in the U.S. crypto market by filing an S-1 application for a Solana spot ETF, incorporating staking options. This launch signals Fidelity’s growing commitment to diversifying its cryptocurrency offerings and coincides with rising institutional interest in the space. The price of Solana surged 5% following this announcement, reflecting market optimism about the prospect of increased institutional investment.