โ๐ Update on Solana ETF funds! ๐ฅ๐
๐น Fidelity has joined 6 other companies awaiting SEC approval for instant Solana ETFs, according to the new amendments to Cboe BZX rules, which is the Chicago Board Options Exchange! ๐๐
๐ก If approved, โ$SOL will be classified as a commodity like โ$BTC and โ$ETH by the SEC, a classification already received from the CFTC which previously approved its futures contracts! ๐
๐ Notable applicants:
๐น Franklin Templeton โ manages $1.5 trillion, submitted S-1 and 19b-4 filings
๐น VanEck โ the first applicant, potential decision date in October 2025
๐น 21Shares โ following the same timeline as VanEck's decision
๐น Bitwise โ could receive approval by October 2025
๐น Canary Capital โ on the same timeline
๐น Grayscale โ seeking to convert Grayscale Solana Trust (GSOL) to an ETF
