Latest news with #SolanaETF
Yahoo
28-03-2025
- Business
- Yahoo
Fidelity Looks to Add Spot Solana ETF to Crypto Offerings
Fidelity Investments is looking to launch an exchange-traded fund that tracks the price of SOL, the native cryptocurrency of blockchain platform Solana, according to a 19b-4 form filed by Cboe Exchange with the Securities and Exchange Commission. The industry giant has not yet filed an S-1 registration, which the commission would need to approve before the investment company can list the fund on a public exchange. 'A meaningful portion of our customers are interested in and own digital assets,' a Fidelity spokesperson told 'Fidelity remains committed to providing customers with a portfolio of solutions that offer choice, accompanied by education and support as they leverage products to meet their financial needs and objectives.' Solana is the sixth-largest crypto asset by market capitalization (currently around $71 billion), according to data from CoinMarketCap. Interest in a spot Solana ETF continues to grow. Late last year, the Cboe BZX filed applications with the SEC on behalf of Bitwise, VanEck, 21Shares and Canary Capital right around the time SEC Chair Gary Gensler announced his departure from the regulatory agency. In January, Nate Geraci, president of The ETF Store, wrote on social media platform X that one of his top 2025 crypto ETF predictions was that a spot SOL ETF would get approved. Earlier this month, Volatility Shares issued the first U.S.-listed Solana ETFs, the Solana ETF (SOLZ) and the 2x Solana ETF (SOLT). These funds aren't spot crypto ETFs; they hold Solana futures contracts. Last year, Fidelity launched spot bitcoin and ethereum ETFs: the Fidelity Wise Origin Bitcoin Fund (FBTC) and Fidelity Ethereum Fund (FETH). The fund-management company has been working since 2014 to develop a digital assets | © Copyright 2025 All rights reserved
Yahoo
27-03-2025
- Business
- Yahoo
Fidelity buys $60M in Bitcoin, files first Solana ETF application with CBOE
Fidelity bought $60 million in Bitcoin with its FBTC ETF. Arkham's monitoring tools flagged the purchase, highlighting large ETF inflows. The news arrives hours after Fidelity officially applied to a Solana spot exchange-traded fund (ETF) with the Chicago Board Options Exchange (CBOE) — the first such application from a major financial institution in the United States. The firm, which oversees over $800 billion in assets, is trying to get ahead of the curve on investing in digital assets. Arkham Intelligence, which focuses on decoding complex blockchain data, was the first to spot the Bitcoin transaction associated with Fidelity This comes just hours after Fidelity submitted its first application to the U.S. Securities Exchange Commission for a spot in Solana ETF with the CBOE. The Solana ETF would be considered a significant milestone and could pave the way for greater access to Solana for various institutional investors. Market analysts view the move as a compelling endorsement of Solana's long-term utility and growth potential within the wider blockchain ecosystem. Fidelity is not the only company looking in this direction. Another asset manager, VanEck, had recently submitted for Solana ETP in early 2025 before it headlined the first major institution to do so. According to Kraken's price feeds, Bitcoin's price is $88,019.40, and Solana's price is $145.39 as of press time. Sign in to access your portfolio
Yahoo
26-03-2025
- Business
- Yahoo
Fidelity Looks to Add Spot Solana ETF to Crypto Offerings
Fidelity Investments is looking to launch an exchange-traded fund that tracks the price of SOL, the native cryptocurrency of blockchain platform Solana, according to a 19b-4 form filed by Cboe Exchange with the Securities and Exchange Commission. The industry giant has not yet filed an S-1 registration, which the commission would need to approve before the investment company can list the fund on a public exchange. 'A meaningful portion of our customers are interested in and own digital assets,' a Fidelity spokesperson told 'Fidelity remains committed to providing customers with a portfolio of solutions that offer choice, accompanied by education and support as they leverage products to meet their financial needs and objectives.' Solana is the sixth-largest crypto asset by market capitalization (currently around $71 billion), according to data from CoinMarketCap. Interest in a spot Solana ETF continues to grow. Late last year, the Cboe BZX filed applications with the SEC on behalf of Bitwise, VanEck, 21Shares and Canary Capital right around the time SEC Chair Gary Gensler announced his departure from the regulatory agency. In January, Nate Geraci, president of The ETF Store, wrote on social media platform X that one of his top 2025 crypto ETF predictions was that a spot SOL ETF would get approved. Earlier this month, Volatility Shares issued the first U.S.-listed Solana ETFs, the Solana ETF (SOLZ) and the 2x Solana ETF (SOLT). These funds aren't spot crypto ETFs; they hold Solana futures contracts. Last year, Fidelity launched spot bitcoin and ethereum ETFs: the Fidelity Wise Origin Bitcoin Fund (FBTC) and Fidelity Ethereum Fund (FETH). The fund-management company has been working since 2014 to develop a digital assets | © Copyright 2025 All rights reserved Sign in to access your portfolio
Yahoo
12-02-2025
- Business
- Yahoo
Trillion-dollar asset manager files for Solana spot ETF, expands crypto offerings
Franklin Templeton, an asset manager with $1.68 trillion worth of assets under management has entered the race for a Solana spot exchange-traded fund (ETF), filing documents in Delaware to register the Franklin Solana Trust entity. The filing follows previous Solana ETF applications from Canary and Grayscale, which have already been confirmed by the U.S. Securities and Exchange Commission (SEC). If approved, Franklin Templeton's Solana ETF would provide institutional investors with regulated exposure to SOL, a blockchain gaining traction due to its high-throughput, monolithic architecture. On July 23, Franklin Templeton showed interest in Solana ETF, for the first time. 'Besides Bitcoin and Ethereum, there are other exciting and major developments that we believe will drive the crypto space forward,' Franklin Templeton wrote in a post on X (formerly Twitter). 'Solana has shown major adoption and continues to mature, overcoming technological growing pains and highlighting the potential of high-throughput, monolithic architectures.' Franklin Templeton was among the first firms to launch a spot Bitcoin ETF in the United States, and its expansion into Solana underscores its confidence in broader crypto adoption. The company's spot Ethereum ETF (EZET) debuted on CBOE's BZX exchange, with 0% fees until Jan. 31, 2025, or for the first $10 billion in fund assets. Sign in to access your portfolio
