SEC Acknowledges Fidelity's $15 Trillion AUM Spot Solana $SOL ETF Filing

The U.S. Securities and Exchange Commission (SEC) has officially acknowledged the filing for a spot Solana ETF by Fidelity. This filing, under Rule 14.11 (e)(f) Commodity Based Trust Shares, aims to offer investors direct exposure to Solana's cryptocurrency, $SOL. Fidelity, with $15 trillion in assets under management, is moving forward with this application, indicating a potential new avenue for investment in the cryptocurrency market. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io