Cboe Approves Listing of Fidelity's Spot Solana ETF

CBOE Files Application to List Fidelity's Spot Solana ETF

The Chicago Board Options Exchange (CBOE) has filed an application with the US Securities and Exchange Commission (SEC) to list Fidelity's spot Solana ETF.

The ETF, which is sponsored by Fidelity Investments, tracks the price of Solana (SOL), a popular cryptocurrency. The spot Solana ETF will allow investors to gain exposure to the cryptocurrency without having to buy and hold it directly.

The CBOE's application to list the ETF comes as the cryptocurrency market continues to grow in popularity. With the rise of decentralized finance (DeFi) and non-fungible tokens (NFTs), Solana has emerged as a top-performing cryptocurrency, with its market capitalization increasing by over 1,000% in the past year.

Fidelity's spot Solana ETF will be the first ETF to track the price of Solana, giving investors a new way to gain exposure to the cryptocurrency. The ETF will be listed on the CBOE BZX Exchange, which is a subsidiary of the CBOE.

The application to list the ETF is subject to regulatory approval from the SEC. If approved, the ETF will be the first Solana-based ETF to be listed on a major US exchange.

The move by Fidelity and the CBOE to list a Solana ETF is seen as a significant development for the cryptocurrency market, as it will provide investors with a new way to gain exposure to the cryptocurrency. The listing is also expected to increase liquidity and trading volume in the Solana market.

In a statement, Fidelity said that the listing of the spot Solana ETF will provide investors with a new way to gain exposure to the cryptocurrency, and that the ETF will be a "key component" of Fidelity's cryptocurrency offerings.

The CBOE's application to list the ETF comes as the cryptocurrency market continues to grow in popularity. With the rise of DeFi and NFTs, Solana has emerged as a top-performing cryptocurrency, with its market capitalization increasing by over 1,000% in the past year.

The listing of the spot Solana ETF is subject to regulatory approval from the SEC. If approved, the ETF will be the first Solana-based ETF to be listed on a major US exchange.