Fidelity Investments, a leading fund manager, is seeking to expand its cryptocurrency offerings with a spot Solana (SOL) exchange-traded fund (ETF). This move follows the company's successful launch of spot Bitcoin and Ethereum ETFs in 2025.
Fidelity Files for Spot Solana ETF
According to a 19b-4 form filed by Cboe Exchange with the Securities and Exchange Commission (SEC), Fidelity aims to create an ETF tracking SOL's price. While the initial filing is complete, the company has yet to submit the required S-1 registration statement for SEC approval before listing.
A Fidelity spokesperson told etf.com:
"A meaningful portion of our customers are interested in and own digital assets. Fidelity remains committed to providing choice, education, and support as customers meet their financial objectives."
Growing Interest in Solana ETFs
Solana ranks as the sixth-largest cryptocurrency with a $71 billion market capitalization. The blockchain platform has gained significant traction due to its:
- High-speed transactions
- Low fees
- Scalability solutions
- Growing decentralized application (dApp) ecosystem
👉 Why Solana's technology makes it a strong ETF candidate
Competitive ETF Landscape
Several firms have entered the Solana ETF space:
Futures-based ETFs:
- Volatility Shares' SOLZ and 2x SOLT (launched June 2025)
Pending spot ETF applications from:
- Bitwise
- VanEck
- 21Shares
- Canary Capital
Nate Geraci, ETF Store President, predicted on X:
"A spot SOL ETF approval will be a major 2025 crypto milestone."
Fidelity's Crypto ETF History
The asset manager has been building its digital asset infrastructure since 2014. Its current crypto ETF lineup includes:
| ETF | Ticker | Launch Date |
|---|---|---|
| Fidelity Wise Origin Bitcoin Fund | FBTC | January 2025 |
| Fidelity Ethereum Fund | FETH | May 2025 |
👉 Comparing Fidelity's crypto ETF performance
FAQ: Solana ETFs
Q: When might Fidelity's Solana ETF launch?
A: Approval could take 3-6 months after S-1 submission, depending on SEC review.
Q: How does a spot ETF differ from futures-based?
A: Spot ETFs hold actual SOL, while futures ETFs use derivative contracts.
Q: Why choose Solana over other altcoins?
A: Solana offers unique scalability solutions and strong developer activity.
Q: What are the risks?
A: Crypto volatility, regulatory changes, and technological risks all apply.
Q: How will this impact SOL's price?
A: ETF approval typically increases institutional demand, potentially boosting price.
Q: Where can I track this ETF's progress?
A: Monitor SEC filings and official Fidelity announcements.