Solana Securities Listing

Fidelity Files for Spot Solana ETF on CBOE Exchange

March 25, 2025 - Fidelity Investments, a leading financial services company, has filed with the Securities and Exchange Commission (SEC) for a spot Solana ETF, which would track the price of the Solana cryptocurrency.

The proposed ETF, which would be listed on the CBOE Exchange, would allow investors to gain exposure to the Solana market without having to buy and hold the cryptocurrency directly. The fund would track the price of Solana in US dollars, providing investors with a way to gain exposure to the cryptocurrency's price movements.

The filing comes as the cryptocurrency market continues to experience significant growth, with Solana being one of the top performers in recent months. The Solana blockchain, which was launched in 2020, has gained popularity due to its fast transaction times and high throughput.

Fidelity's proposed ETF would be the first of its kind to track the spot price of Solana, providing investors with a way to gain exposure to the cryptocurrency's price movements. The ETF would be actively managed, with the fund's manager monitoring the Solana market and making adjustments as needed to track the price of the cryptocurrency.

The filing of the Solana ETF is the latest in a series of moves by Fidelity to expand its offerings in the cryptocurrency space. In recent months, the company has launched a series of cryptocurrency-related products, including a Bitcoin ETF and a cryptocurrency trading platform.

The proposed Solana ETF is subject to regulatory approval and is expected to be listed on the CBOE Exchange in the coming months. The ETF would be traded under the ticker symbol SOLA and would have a net asset value (NAV) of $25 per share.