The US Securities and Stock Exchange Commission (SEC) reported that Fidelity officially recognized the Solana (left) spot ETF application. This development is considered an important step in the financial market and includes the arrangement proposal for Fidelity for the solana ETF, which is planned to be traded on the CBOE BZX Stock Exchange.
Solana ETF Application
Fidelity has applied to open the Solana -based investment fund to be traded on the CBOE BZX exchange. This acceptance of the SEC shows that the application contains changes and additions to be made in the rules. The application process accelerated after the arrangement proposal previously submitted on March 25 was revised on April 1, 2025 to be clarified.
CBOE BZX exchange, Fidelity Solana Fund SPOT has completed the application for SEC to list and process the Solana ETF. At this stage, public comments will be collected and the evaluation process will continue.
Market Operation and Organizing Process
The revised proposal includes arrangements for listing Solana ETF under the BZX rule. This rule includes principles that regulate the processing of commodity -based investment instruments. Fidelity aims to gain the trust of investors through the Form S-1 registration declaration to be offered to the SEC.
With the application, Fidelity’s experience in crypto -based investment instruments stands out. Company Previously Fidelity Wise Origin Bitcoin $83,287.54 FUND (FBTC) and Fidelity Ethereum 
$1,793.26 Fund (Feth) has signed products such as. This experience is shown as a reference for the new Solana ETF to find a place in the market.
The FBTC has gathered an assets of approximately $ 17 billion, and the conquest has reached a managed asset figure of approximately $ 975 million. This increases expectations that Fidelity’s performance can be repeated in similar investment instruments.
In addition to these discussions, the principles that regulatory institutions will apply when evaluating new regulation suggestions are among the points that the public curious. The process will be detailed in the coming days.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
