US Solana ETF Race Heats Up As Cboe Submits Paperwork To List Fidelity SOL Fund
Portfolio Pulse from
Fidelity has submitted a 19b-4 filing with Cboe to launch a Solana (SOL) ETF, joining multiple asset managers in pursuing cryptocurrency-based investment products. The filing comes amid a more crypto-friendly regulatory environment and follows recent Bitcoin and Ethereum ETF approvals. Multiple firms are competing for SOL ETF approval, with Bloomberg analyst Eric Balchunas estimating a 70% chance of approval this year.
March 26, 2025 | 5:45 pm
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POSITIVE IMPACT
Fidelity's ETF filing could increase institutional interest and potential investment in Solana, potentially driving price appreciation.
ETF filing indicates increased institutional legitimacy, potential broader investor access, and positive market sentiment towards Solana
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100