regulatory news Archives - Coin Engineer https://coinengineer.net/blog/tag/regulatory-news/ Btc, Coins, Pre-Sale, DeFi, NFT Fri, 04 Apr 2025 07:00:02 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://coinengineer.net/blog/wp-content/uploads/2024/04/cropped-Coin-Engineer-Logo-Favicon-2-32x32.png regulatory news Archives - Coin Engineer https://coinengineer.net/blog/tag/regulatory-news/ 32 32 Fidelity Solana-ETF Approval Process: Market is Volatile! https://coinengineer.net/blog/fidelity-solana-etf-approval-process-market-is-volatile/ https://coinengineer.net/blog/fidelity-solana-etf-approval-process-market-is-volatile/#respond Fri, 04 Apr 2025 07:00:00 +0000 https://coinengineer.net/blog/?p=39616 Fidelity Investments is advancing toward launching its spot Solana-ETF, as the U.S. Securities and Exchange Commission (SEC) recently acknowledged its filing. This step indicates that the ETF may soon be published in the Federal Register, a crucial milestone in the approval process. A Major Step for Solana-ETF The filing follows Cboe BZX Exchange Inc.’s submission

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]]> Fidelity Investments is advancing toward launching its spot Solana-ETF, as the U.S. Securities and Exchange Commission (SEC) recently acknowledged its filing. This step indicates that the ETF may soon be published in the Federal Register, a crucial milestone in the approval process.

A Major Step for Solana-ETF

The filing follows Cboe BZX Exchange Inc.’s submission of the 19b-4 form for the “Fidelity Solana Fund,” alongside CSC Delaware Trust Company’s registration of a new statutory trust under the same name. This move comes as Solana continues gaining investor interest, positioning itself as a leading altcoin candidate for ETF approvals, following the SEC’s recent acceptance of spot Bitcoin and Ethereum ETFs.

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solana-etf

Market Impact Amid Tariff Turmoil

Despite the progress, the market reacted negatively due to President Donald Trump‘s sweeping reciprocal tariffs. On Thursday, Solana‘s price dropped sharply by 15%, briefly falling below $113 before recovering to around $115.42 as of 4:40 p.m. EST. In comparison, Bitcoin and Ethereum faced more moderate declines of over 4%.

As the regulatory landscape shifts, analysts are watching whether the approval of Fidelity’s Solana-ETF can help restore investor confidence and stabilize digital asset markets amid ongoing tariff-related uncertainty.

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