- Fidelity updates Solana ETF filing to speed up approval.
- Delaying amendment removed, allowing automatic registration.
- Signals more institutional interest in Solana ETFs.
In a significant development, Fidelity has filed an updated S-1 registration form for its proposed Solana ETF (Exchange-Traded Fund). The key change? The asset management giant has removed the delaying amendment, which typically gives the U.S. Securities and Exchange Commission (SEC) extra time to review the filing.
By removing this clause, Fidelity is signaling its intention to move forward swiftly. Without the delaying amendment, the ETF can become automatically effective after a certain period, depending on SEC rules. This streamlined approach suggests Fidelity is confident in its product and believes the market is ready for a Solana-backed ETF.
This update positions Fidelity ahead in the growing race to launch crypto ETFs beyond Bitcoin and Ethereum .
What It Means for Solana and Crypto Investors
This move by Fidelity could open the door for more institutional-grade financial products tied to Solana ($SOL), one of the fastest-growing blockchain networks. If approved, a Solana ETF would allow traditional investors to gain exposure to SOL tokens without having to directly purchase or manage the crypto themselves.
Following the SEC’s previous approvals of Bitcoin and Ethereum ETFs, this update could hint at a shift in regulatory openness toward other crypto assets. Fidelity’s filing also hints that other financial firms might soon follow with their own Solana ETF applications, potentially pushing SOL further into the mainstream.
A New Phase for Crypto ETFs?
This latest update is more than a technical adjustment—it could mark the beginning of a new wave of crypto ETFs. With major institutions like Fidelity now pursuing products tied to alternative cryptocurrencies like Solana, the crypto investment landscape may be on the verge of expansion.
For investors and crypto enthusiasts alike, this signals that Solana is no longer just a speculative asset—it’s entering the realm of regulated, institutional-grade finance.
