{"id":19057,"date":"2025-03-25T20:19:31","date_gmt":"2025-03-25T20:19:31","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=19057"},"modified":"2025-03-25T20:19:31","modified_gmt":"2025-03-25T20:19:31","slug":"cboe-files-application-to-list-fidelitys-spot-solana-etf","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=19057","title":{"rendered":"Cboe files application to list Fidelity\u2019s spot Solana ETF"},"content":{"rendered":"
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Chicago Board Options Exchange (Cboe)<\/span> filed<\/a><\/strong> on March 25 to trade a spot Solana (SOL<\/a>) exchange-traded fund (ETF) issued by Fidelity<\/a> through the registration of a 19b-4 form. The move comes four days after Fidelity<\/span> registered a Solana fund<\/a><\/strong> in Delaware.<\/span><\/p>\n

As of Dec. 31, Fidelity<\/span> registered $5.9 trillion<\/a><\/strong> in assets under management, making it the third-largest asset manager in the world.\u00a0<\/span><\/p>\n

The firm also registers the second-largest inflows from spot Bitcoin (BTC<\/a>) and Ethereum (ETH<\/a>) ETFs traded in the US, amassing nearly $13 billion per Farside Investors\u2019<\/a><\/span> data<\/a><\/strong>.<\/span><\/p>\n

Notably, the move comes five days after the first SOL-related ETFs started trading in the US. Issuer Volatility Shares launched two products tracking the price of Solana futures contracts, one of which offers exposure with 2X leverage.<\/span><\/p>\n

Solana ETF race<\/strong><\/h2>\n

Fidelity joins the list of companies aiming to offer an SOL ETF in the US, along with 21shares<\/a>, Canary Capital<\/a>, Bitwise<\/a>, VanEck<\/a>, and Grayscale<\/a>.<\/span><\/p>\n

Comparing BTC and ETH exchange-traded products\u2019 inflows to their market caps, JPMorgan<\/a> estimated in January that SOL ETFs could see inflows<\/span> between $3 billion and $6 billion<\/a><\/strong>.<\/span><\/p>\n

Solana futures recently started trading in the US on the Chicago Mercantile Exchange (CME) on March 17, and initial volume indicates that traders have a decent appetite for SOL.\u00a0<\/span><\/p>\n

K33<\/a> head of research Vetle Lunde pointed out that SOL futures traded $12.3 million on March 17, an underwhelming amount compared to BTC\u2019s $102.7 million and ETH\u2019s $31 million.<\/span><\/p>\n

However, using the assets\u2019 market caps to normalize the volumes, Lunde noted that the interest in Solana futures aligns with Bitcoin and Ethereum.<\/span><\/p>\n

Competitive ETF landscape<\/strong><\/h2>\n

Asset managers are testing regulatory boundaries in the US after President Donald Trump<\/a> took the White House for a second term.<\/span><\/p>\n

Filings for altcoin-related ETFs range from major-cap cryptos such as Litecoin (LTC<\/a>), XRP<\/a>, Cardano (ADA<\/a>), and Polkadot (DOT<\/a>) to medium-cap assets such as Hedera (HBAR<\/a>) and Axelar (AXL<\/a>).<\/span><\/p>\n

Recently, Canary Capital filed for the first ETF tracking the price of a non-fungible token (NFT) collection. The fund will be exposed to the PENGU<\/a> token and Pudgy Penguins NFTs if approved.<\/span><\/p>\n

Even memecoins are considered for ETFs. For example, Bitwise filed a Dogecoin (DOGE<\/a>) ETF in January, expanding the ETF race to new assets.<\/span><\/p>\n

The post Cboe files application to list Fidelity\u2019s spot Solana ETF<\/a> appeared first on CryptoSlate<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Chicago Board Options Exchange (Cboe) filed on March 25 to trade a spot Solana (SOL) exchange-traded fund (ETF) issued by Fidelity through the registration of a 19b-4 form. The move comes four days after Fidelity registered a Solana fund in Delaware. As of Dec. 31, Fidelity registered $5.9 trillion in assets under management, making it […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-19057","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19057","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19057"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19057\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}