Big news in the crypto world! Fidelity, one of the largest asset managers, has officially filed an S-1 form with the U.S. SEC to launch a Solana (SOL) Spot ETF — and yes, it includes staking options! 🧾📈
💼 Who Else is Involved?
Fidelity isn't alone. Other major players also filed or updated their Solana ETF applications, including:
🔹 VanEck
🔹 21Shares
🔹 Bitwise
🔹 Grayscale
🔹 Franklin Templeton
🔹 Canary Capital
VanEck was the first to file back in June 2024 and the last to amend this Friday.
🔍 Key Details of Fidelity’s SOL ETF
✅ Structured as a Delaware Trust
✅ Tracks SOL price via Fidelity Solana Reference Rate Index
✅ Assets held securely — mostly in cold storage 🔐
✅ Includes staking rewards 💸
✅ Plans to list on the Cboe BZX Exchange
✅ No leverage or complex financial tools — simple & clean 📊
✅ Sponsor: FD Funds Management LLC
💡 Note: Rewards from staking will be considered income and distributed to investors.
📌 Custody & Security
🔐 All private keys are managed by a custodian
🔥 Small amount kept in hot wallets for transactions
🚫 Not insured by FDIC or SIPC
📅 What’s Next?
The SEC must approve the ETF before it launches. Fidelity bought a single Seed Share to initiate the fund.
📆 The SEC asked all issuers to update filings by June, sparking hopes of approval within 2–4 months, according to Bloomberg analysts.
📢 Final Word:
This could be huge for Solana adoption and crypto ETFs in general. With staking built in, it adds another way for investors to earn passive income 📈💸
Stay tuned — SOL may soon hit the big leagues of traditional finance! 🚀 #CryptoClause
