FIDELITY -FILES TO SPOT SOLANA ETF ON CBOE EXCHANGE

Fidelity Investments is looking to create a stock exchange (ETF), which tracks the price of Solana (SOL), shows an archiving at Securities and Exchange Commission on Tuesday.

CBOE Exchange uploaded an archiving of 19B-4 to list a Solana ETF suggested by $ 5 trillion Wall Street veteran. This comes after the company registered a Fidelity Solana Fund in Delaware last Thursday.

Fidelity has not yet submitted an S-1 archiving required for companies seeking to issue a new security and be listed on a public stock exchange.

Solana, to $ 74 billion, is currently the sixth largest crypto-active at market value in the world. Several asset managers have submitted applications to SEC to launch funds that hold the token, including GRAYSCALE, Franklin Templeton and Vaneck.

Last week, two ETFs (Solz and Sun) traced the Sol-Futures market on Nasdaq, a significant step in getting a spot-stock-traded product approved.

Fidelity has previously issued two Spot Crypto ETFs: Fidelity Wise Origin Bitcoin Fund (FBTC) and Fidelity Ethereum Fund (FETH). Both launched last year. The FBTC has attracted nearly $ 17 billion in assets – or Bitcoin – and FETH handles approx. $ 975 million.

Many of Fidelity’s clients are interested in owning cryptocurrencies, and a great deal is already doing it. The company has been working on its digital asset ecosystem since 2014.

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