The post Cboe Exchange Submits Filing to List Fidelity Solana ETF appeared on BitcoinEthereumNews.com.

Cboe has submitted a filing to the U.S. Securities and Exchange Commission that would allow the exchange to list shares of a Fidelity exchange-traded fund tracking the price of Solana.  The19b-4 form, filed Tuesday, is a major step in the SEC’s approval process, although Fidelity must still file an S-1 registration statement describing the product.  The filing comes just days after Fidelity registered a Delaware Trust entity for its Solana fund, which would be based on the performance of the sixth largest digital asset by market capitalization.   The token was recently trading at about $145, up nearly 1.2% in the past 24 hours, according to data provider CoinGecko.  Grayscale, Bitwise, Canary, 21Shares, Franklin Templeton, and VanEck have also submitted filings for spot Solana ETFs. Earlier this year, Bloomberg Senior ETF Analyst Eric Balchunas has penciled in a 70% chance that Solana ETFs would receive a green light this year, although he would not predict the timing.  Those applications are part of a deluge of proposed altcoin funds, including XRP, Dogecoin and Cardano, that have followed the wild success of spot bitcoin ETFs, which have generated more than $35 billion in net inflows since their approvals starting last January, and more muted achievements of spot Ethereum funds.  Fidelity’s Wise Origin Bitcoin Fund has received about $11.5 billion in net flows in its more than 14 months of existence, the second most among the spot bitcoin funds.  According to a CoinShares report, crypto-backed investment products generated $644 million in net inflows last week following five consecutive weeks of outflows. The rebound was largely driven by inflows to products based on Bitcoin, followed by Solana-based offerings.  Edited by James Rubin Daily Debrief Newsletter Start every day with the top news stories right now, plus original features, a podcast, videos and more. Source: https://decrypt.co/311595/cboe-exchange-filing-to-list-fidelity-solana-etf

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Filed under: News - @ March 26, 2025 1:21 am