2 months ago
Fidelity Investments is looking to make an exchange-traded money (ETF) tracking the terms of Solana (SOL), a filing with the Securities and Exchange Commission connected Tuesday shows.
Cboe Exchange uploaded a 19b-4 filing to database a Solana ETF projected by the $5 trillion Wall Street veteran. This comes aft the steadfast registered a Fidelity Solana Fund successful Delaware past Thursday.
Fidelity has yet to taxable an S-1 filing, which is required for companies seeking to contented a caller information and beryllium listed connected a nationalist banal exchange.
Solana, astatine $74 billion, is presently the sixth-largest crypto plus by marketplace capitalization successful the world. Several plus managers person filed applications with the SEC to motorboat funds holding the token, including Grayscale, Franklin Templeton and VanEck.
Last week, 2 ETFs (SOLZ and SOLT) tracking SOL futures deed the marketplace connected Nasdaq, a important measurement successful getting a spot exchange-traded merchandise approved.
Fidelity has antecedently issued 2 spot crypto ETFs: the Fidelity Wise Origin Bitcoin Fund (FBTC) and the Fidelity Ethereum Fund (FETH). Both launched past year. FBTC has attracted astir $17 cardinal successful assets — oregon bitcoin — and FETH handles astir $975 million.
Many of Fidelity’s clients are funny successful owning cryptocurrencies and a ample information already does. The steadfast has been moving connected its integer plus ecosystem since 2014.
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