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 for a new Solana ETF. This move aims to list and trade shares of Fidelity’s Solana Fund.
The filing is part of a growing trend of altcoin-related applications before the SEC. Cboe seeks approval for a rule change to list the Fidelity Solana Fund. This comes after registering a Solana trust with the CSC Delaware trust Company.
Fidelity joins other firms like Canary Capital, Franklin Templeton, Grayscale, and VanEck in the race for spot Solana ETFs. Just a day earlier, Fidelity also requested SEC approval for a blockchain-based fund tracking its money market fund.
With this filing, the competition for spot ETFs intensifies. Analysts are watching the performance of Solana futures ETFs to gauge market demand.Florida-based Volatility Shares launched the Solana ETF and 2X Solana ETF on March 20, 2025. The ETFs, SOLZ and SOLT, showed strong volume on launch, hinting at potential demand. The crypto.news highlighted Fidelity’s on-chain fund, the Fidelity Treasury Digital Fund (FYHXX), which holds cash and U.S. Treasury securities.
Key points include:
- Cboe BZX’s filing with the SEC.
- Volatility Shares debuted two Solana ETFs, SOLZ and SOLT, with notable launch volume.
- Analysts predict high demand based on initial performance.
The market watches closely as the SEC reviews these applications.The success of these ETFs could signal a positive future for Solana in the financial market.
