Solana ETF Gains SEC Approval

SEC Accepts Fidelity’s Spot Solana-ETF Application

• The SEC has accepted an application for a spot Solana-ETF from Fidelity.
• The SEC has 45 to 90 days to approve, reject, or review the application.
• This ETF will be listed on the Cboe BZX exchange.
• Fidelity’s ETF aims to hold and stake Solana (SOL) for potential returns.
• Solana is currently trading around $119 according to available data.

The SEC’s acceptance of Fidelity’s spot Solana-ETF application initiates a review period of up to three months, potentially expanding investor access to digital assets through the Cboe BZX exchange.