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Fidelity and BlackRock Boost Solana ETF Efforts Under SEC's Updated Rule

Summary by The Defiant
Fidelity has filed a 19b-4 form via Cboe to launch a Solana-based exchange-traded fund (ETF), joining six other applicants under the SEC's updated Cboe BZX 14.11 (e)(4) rule for Commodity-Based Share Trusts. The approval of these ETFs could lead to Solana being reclassified as a commodity.BlackRock has also expanded its blockchain-based money market fund to include Solana, highlighting the platform's increasing presence in institutional investme…
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Fidelity and BlackRock Boost Solana ETF Efforts Under SEC's Updated Rule

Fidelity has filed a 19b-4 form via Cboe to launch a Solana-based exchange-traded fund (ETF), joining six other applicants under the SEC's updated Cboe BZX 14.11 (e)(4) rule for Commodity-Based Share Trusts. The approval of these ETFs could lead to Solana being reclassified as a commodity.BlackRock has also expanded its blockchain-based money market fund to include Solana, highlighting the platform's increasing presence in institutional investme…

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The Defiant broke the news in on Friday, March 28, 2025.
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