🚀 Update on Solana ETF funds! 🔥📊
🔹 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! 📜🔗
💡 If approved, $SOL will be classified as a commodity like $BTC and $ETH by the SEC, a classification already received from the CFTC which previously approved its futures contracts! 🚀
📅 Notable applicants:
🔹 Franklin Templeton – manages $1.5 trillion, submitted S-1 and 19b-4 filings
🔹 VanEck – the first applicant, potential decision date in October 2025
🔹 21Shares – following the same timeline as VanEck's decision
🔹 Bitwise – could receive approval by October 2025
🔹 Canary Capital – on the same timeline
🔹 Grayscale – seeking to convert Grayscale Solana Trust (GSOL) to an ETF
