Yigit Taha OZTURK 
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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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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