🚀 Update on Solana ETFs! 🔥📊
🔹 Fidelity has joined 6 other companies in awaiting SEC approval for spot Solana ETFs, according to the new rule changes from Cboe BZX, which is the Chicago Board Options Exchange! 📜🔗
💡 If approved, $SOL will be classified as a commodity, just like $BTC and $ETH, by the SEC, a status it has already obtained from the CFTC which had previously approved its futures contracts! 🚀
📅 Major applicants:
🔹 Franklin Templeton – manages 1.5 trillion dollars, has submitted S-1 and 19b-4 forms
🔹 VanEck – first applicant, potential decision in October 2025
🔹 21Shares – follows the same timeline as VanEck for the decision
🔹 Bitwise – could receive approval by October 2025
🔹 Canary Capital – follows the same timeline
🔹 Grayscale – seeks to convert the Grayscale Solana Trust (GSOL) into an ETF
