Fidelity has submitted an S-1 registration statement to the U.S. Securities and Exchange Commission for a spot Solana exchange-traded fund (ETF).
A distinctive feature of the proposed ETF is its inclusion of a staking mechanism. This would allow investors to earn staking rewards directly through the fund, providing potential yield alongside exposure to Solana’s price movements.
This filing underscores Fidelity’s ongoing strategy to broaden its suite of cryptocurrency investment products for its clients. It also signals growing institutional recognition of Solana’s blockchain technology and ecosystem.
The proposed ETF aims to offer investors a regulated and liquid vehicle for gaining exposure to Solana, combining the accessibility of a traditional investment product with the yield-generating capabilities inherent in the Solana network.