Fidelity Files for Spot Solana ETF with SEC

Fidelity has taken a significant step toward launching a Spot Solana ETF, with CBOE officially filing a 19b-4 form with the US Securities and Exchange Commission (SEC).

This marks the beginning of the regulatory review process, during which the SEC will determine whether to approve or reject the proposal. Fidelity is also expected to submit an S-1 registration statement soon, completing the necessary filings for the ETF.

The move follows Fidelity’s recent incorporation of the SOL ETF in Delaware, a step that had already fueled speculation about an imminent SEC filing. With this latest development, Fidelity joins a growing list of firms—including Grayscale, Franklin Templeton, Bitwise, 21Shares, and VanEck—that have already submitted applications for Solana-based exchange-traded funds.

Fidelity has been expanding its footprint in the crypto sector beyond ETFs. The firm recently launched a tokenized US dollar money market fund on Ethereum and hinted at plans to introduce similar offerings on other blockchain networks.

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The push for a Solana ETF has been seen as a bullish signal for SOL, with market analysts anticipating an influx of institutional capital. If approved, the fund could help Solana reclaim key price levels, with traders eyeing a potential return to the $200 mark.

Broader industry developments also support a strong outlook for SOL. BlackRock’s BUIDL fund recently launched on the Solana network, while Polymarket integrated SOL deposits, increasing adoption. Meanwhile, 21Shares has introduced a Solana ETP in Europe, adding to the asset’s growing financial ecosystem.

Crypto analysts remain optimistic about Solana’s trajectory, particularly in light of the ETF filings. Analyst UFO has suggested that SOL is poised for a significant breakout, with technical indicators pointing to a possible surge toward $260 as bullish momentum builds.

Alexander Stefanov