SEC Acknowledges Fidelity’s Spot Solana ETF Filing

The U.S. Securities and Exchange Commission (SEC) has officially acknowledged Fidelity’s filing for a spot Solana (SOL) exchange-traded fund (ETF). 

The filing was submitted by Cboe BZX Exchange on March 25, 2025, and was later amended on April 1. The proposal seeks to list and trade shares of the Fidelity Solana Fund under the exchange’s rules for commodity-based trust shares.

SEC Accepts Fidelity’s Filing, Source: X

If approved, the ETF would allow investors to gain exposure to Solana without directly holding the cryptocurrency, similar to how Bitcoin and Ethereum ETFs operate.

Fidelity’s move signals growing institutional interest in Solana, a blockchain known for its speed and scalability. However, the SEC’s stance on non-Bitcoin crypto ETFs remains uncertain, especially given its cautious approach to Ethereum ETFs.