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Fidelity Files for Solana Spot ETF

  • Fidelity filed for a Solana spot ETF, aligning Solana with Bitcoin and Ethereum for institutional-grade investment vehicles.
  • Bitwise and Canary also recently updated their S-1 filings for Solana spot ETFs to include staking functionality.
  • Invesco Galaxy's registration of a Solana Spot ETF in Delaware signals growing institutional interest in Solana.
  • This suggests a potential shift in U.S. regulatory policy for altcoins, as previously, only Bitcoin and Ethereum spot ETFs were approved.
  • Under new SEC leadership, altcoin ETFs, including those with staking features, may see increased approval chances.
  • Fidelity's filing could pave the way for wider institutional exposure to Solana and set a precedent for future altcoin ETFs.

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