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Breaking: Fidelity Officially Joins Solana ETF Race
Fidelity Investments, a renowned financial services giant, has made a significant move by officially filing to launch a Solana ETF. This development comes as no surprise, given the recent submission of a statutory trust registration in Delaware.
The market had been anticipating this step, and it appears that Fidelity’s actions have largely been priced in. As a result, Solana (SOL) has merely added 1% to its value since the announcement.
It is essential to note that this move does not come as an isolated incident. Franklin Templeton filed for a Solana ETF just over a month ago, and now BlackRock joins the fray. With these industry giants on board, it is crucial to monitor any potential regulatory hurdles or challenges they may face in their pursuit of securing approval.
Polymarket bettors have assigned a whopping 85% chance of a Solana ETF being approved this year. While this prediction should be taken with a grain of salt, it does reflect the growing appetite among institutional investors and asset managers to tap into the potential offered by Solana’s blockchain technology.
For more stories, stay tuned!
Source: https://u.today/breaking-fidelity-officially-joins-solana-etf-race
