Policy, Fidelity, CBOE, Solana, ETFs Cboe Exchange, which the ETF could be listed on, submitted a 19b-4 submitting with the Securities and Exchange Commission on Tuesday.
Fidelity Investments is trying to create an exchange-traded fund (ETF) monitoring the worth of Solana (SOL), a filing with the Securities and Exchange Commission on Tuesday exhibits.
Cboe Exchange uploaded a 19b-4 submitting to record a Solana ETF proposed by the $5 trillion Wall Street veteran. This comes after the agency registered a Fidelity Solana Fund in Delaware final Thursday.
Fidelity has but to submit an S-1 submitting, which is required for corporations looking for to challenge a brand new safety and be listed on a public inventory change.
Solana, at $74 billion, is at the moment the sixth-largest crypto asset by market capitalization on the planet. Several asset managers have filed purposes with the SEC to launch funds holding the token, together with Grayscale, Franklin Templeton and VanEck.
Last week, two ETFs (SOLZ and SOLT) tracking SOL futures hit the market on Nasdaq, a big step in getting a spot exchange-traded product accredited.
Fidelity has beforehand issued two spot crypto ETFs: the Fidelity Wise Origin Bitcoin Fund (FBTC) and the Fidelity Ethereum Fund (FETH). Both launched final 12 months. FBTC has attracted practically $17 billion in property — or bitcoin — and FETH handles roughly $975 million.
Many of Fidelity’s purchasers are concerned with proudly owning cryptocurrencies and a big portion already does. The agency has been engaged on its digital asset ecosystem since 2014.
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