Fidelity Files for Spot Solana ETF with Staking Option
Fidelity Investments has applied to the U.S. Securities and Exchange Commission (SEC) for a spot Solana exchange-traded fund (ETF) that includes staking. Key points include:
- The ETF provides exposure to Solana's price movements.
- Investors can earn additional returns through staking rewards.
- This offering differentiates it from existing crypto ETFs, which generally exclude staking.
- Fidelity joins firms like Bitwise and Canary, which have updated their ETF proposals to incorporate staking.
- The SEC's new leadership appears more receptive to crypto-related financial products.