Fidelity Investments, with $5.9 trillion under management, has filed for a spot Solana ETF listing on the Chicago Board Options Exchange (CBOE).
The Solana ETF would provide investors direct exposure to Solana without the complexities of self-custody, making it more accessible for institutional and retail investors.
Solana's growing popularity, with its high-speed and low-cost transactions, has positioned it as a contender within the smart contract space.
The filing of Solana ETF by Fidelity signals increasing institutional adoption of altcoins and could pave the way for more diversified crypto investment products.