<ul><li>Fidelity Investments receives SEC approval for its spot Solana ETF application, marking a breakthrough for Solana-based exchange-traded products.</li><li>The approval opens the door to further institutional investment in Solana and may accelerate the altcoin's upward movement.</li><li>The SEC's acknowledgement indicates progress in the regulatory landscape for cryptocurrency ETFs.</li><li>If approved, Fidelity's Solana ETF could introduce institutional investment into Solana, increase liquidity, and instill more confidence in the altcoin.</li></ul>

Fidelity Spot Solana ETF Gains SEC Momentum

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