Cboe BZX Seeks SEC Approval for Fidelity’s Solana ETF
Cboe BZX Exchange has submitted a form 19b-4 to the U.S. Securities and Exchange Commission (SEC) for a new Solana exchange-traded fund (ETF). This move adds Fidelity’s proposed Solana (SOL) ETF to the list of altcoin-related applications awaiting SEC approval.
By filing this form, Cboe aims to get SEC’s nod for a rule change. This change will allow the exchange to list and trade shares of the Fidelity Solana Fund. The request follows the registration of a solana trust with the CSC Delaware Trust Company.
Fidelity now joins other firms like Canary Capital, Franklin Templeton, Grayscale, and VanEck in seeking SEC approval for spot Solana ETFs. Just a day before, Fidelity also sought SEC approval for a blockchain-based fund tracking its money market fund.
The race for ETFs intensifies with Cboe BZX’s filing. The market is watching Solana futures ETFs to gauge demand. Volatility Shares, a Florida-based firm, launched the Solana ETF (SOLZ) and 2X Solana ETF (SOLT) on March 20, 2025. Both saw notable volume on launch, hinting at potential demand.
As the crypto market evolves, these ETFs could offer investors new ways to access Solana’s growth.For more details, visit crypto.news.
