Fidelity Investments aims to launch an Exchange-Traded Fund that tracks the price of Sol, the native cryptocurrency of blockchain platform Solana, according to the 19B-4 form filed by Cboe Exchange with the Securities and Exchange Commission.
The industry giant has not yet submitted an S-1 registration. This is something that the committee must approve before an investment company lists the fund on a public exchange.
“The meaningful part of our customers is that they are interested in digital assets and own their own assets,” a loyal spokesman told ETF.com. “Fidelity remains committed to providing a portfolio of solutions that provide choice to its customers. With education and support, we leverage our products to meet our financial needs and goals.”
According to data from CoinmarketCap, Solana is the sixth largest crypto asset by market capitalization (currently around $71 billion).
Interest in Solana ETFs continues to grow. Late last year, CBOE BZX submitted applications to the SEC on behalf of Bitwise, Vaneck, 21Shares and Canary Capital.
In January, ETF Store president Nate Geraci wrote on social media platform X that it was one of his top 2025 Crypto ETF predictions.
Earlier this month, Volatility Stock issued its first US registered Solana ETFS, Solana ETF (Solz) and 2x Solana ETF (SOLT). These funds do not spot crypto ETFs. They hold Solana futures contracts.
Last year, Fidelity launched Spot Bitcoin, Ethereum ETFS: Fidelity Wise Origin Bitcoin Fund (FBTC) and Fidelity Ethereum Fund (FETH).
The fund management company has been working on developing an ecosystem of digital assets since 2014.
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