A major step toward mainstream Solana adoption was taken as investment giant Fidelity officially filed for a spot Solana ETF, according to WatcherGuru.
This move places Solana alongside Bitcoin and Ethereum in the race for institutional-grade investment vehicles.
Fidelity’s filing comes amid a flurry of ETF-related activity surrounding Solana. Earlier this evening, Bitwise and Canary both submitted updated S-1 filings for their Solana spot ETFs, with notable amendments that now include staking functionality — a key feature previously avoided due to regulatory uncertainty.
Just hours before Fidelity’s filing, Invesco Galaxy’s Solana Spot ETF was registered in Delaware. While this is not yet an SEC approval, the registration is widely viewed as a positive procedural step that signals serious intent and growing institutional interest in Solana.
This latest wave of filings marks a potential turning point in U.S. regulatory policy for altcoins. Until now, the SEC has only approved spot ETFs for Bitcoin and Ethereum, and only non-staking versions of Ethereum ETFs were given the green light.
However, with a new, crypto-friendly SEC leadership under Chairman Paul Atkins, expectations are rising that other altcoin ETFs — including those that incorporate staking — may soon be approved.
If successful, Fidelity’s application could open the floodgates for broader institutional exposure to Solana and set a precedent for future altcoin ETFs in the U.S. market.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/fidelity-files-for-solana-spot-etf/