Fidelity Files for Spot Solana ETF with SEC

Fidelity Investments has filed an S-1 registration statement for a spot Solana (SOL) ETF with the U.S. SEC, aiming for a listing on the Cboe BZX Exchange.

Fidelity’s ETF filing highlights growing institutional crypto interest, with Solana seeing a price jump of 5% amid optimism.

Fidelity Investments has officially filed for a spot Solana exchange-traded fund (ETF), marking its continued interest in digital assets. The filing seeks approval from the U.S. SEC for listing on the Cboe BZX Exchange.

The ETF focuses on Solana, a high-capacity blockchain. Fidelity aims to enhance regulated crypto access, reflecting its history of pioneering asset management in new digital markets and following prior Bitcoin and Ethereum ETF filings.

Immediate market reactions saw Solana’s price jump by approximately 5%, indicating strong investor optimism. Institutional investors are likely to channel billions into Solana if the SEC approves the ETF.

James Seyffart, Senior ETF Analyst at Bloomberg, noted, “If we’re gonna see early approvals from the SEC on any of these assets — I wouldn’t expect to see them until late June or early July at absolute earliest. More likely to be in early 4Q.” If approved, the ETF could significantly shift capital flows within the sector, impacting major cryptocurrencies and speculative investments in similar technologies, according to industry analysts.

Fidelity’s filing process involves potential amendments and a SEC review period of 30 days. Approval targets are suggested around July 2025 if amendments meet SEC requirements.

Success with the ETF launch could spur further institutional interest and evolve the regulatory landscape for broader crypto adoption. Fidelity’s past ETF initiatives have demonstrated notable impacts on market liquidity and institutional confidence.