Cboe BZX Exchange has requested SEC approval to list Fidelity's proposed Solana ETF.
Cboe's filing adds Fidelity to a list of asset managers looking to bring Solana-based investment products to the market.
The approval of SEC remains the final hurdle before trading of the Solana ETF can commence.
Institutional demand for Solana-related financial products is indicated by the introduction of Solana futures contracts by the Chicago Mercantile Exchange (CME).