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Fidelity Joins the Solana ETF Race with New Filing

  • Fidelity has filed for a “Fidelity Solana Fund” through the Cboe BZX Exchange Inc. to enter the market for Solana-based financial products.
  • Other major firms such as Franklin Templeton, Grayscale, Canary Capital, and VanEck have already filed for spot Solana ETFs.
  • The surge in crypto ETF filings has been driven by the success of Bitcoin and Ethereum products, and Fidelity aims to expand its offerings by adding Solana.
  • Solana's price has seen a notable increase amidst growing interest as financial institutions back Solana-based products.

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