According to breaking news, investment giant Fidelity has filed for a spot ETF for Solana.
Additionally, tonight is shaping up to be a busy night for altcoin spot ETFs, with Bitwise and Canary both updating their previous Solana Spot ETF S-1 filings to include staking.
A few hours ago, Invesco Galaxy’s Solana Spot ETF application was registered in Delaware, which is not an approval but is considered positive for the ETF application.
However, while the SEC has approved spot ETFs for Bitcoin and Ethereum, it has not allowed such a product for any altcoin other than ETH. The approved Ethereum spot ETFs were also able to receive permission from the SEC provided that they were applied for without staking. With the new cryptocurrency-friendly SEC administration, it is expected that more altcoin spot ETFs will be approved and staking will also be allowed.
*This is not investment advice.
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