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The U.S. Securities and Exchange Commission (SEC) has published the Cboe BZX Exchange's proposed rule change (19b-4 filing) to list and trade shares of the Fidelity Solana ETF. This filing, which is now listed in the Federal Register, initiates a public comment period and marks the final step before potential approval of the ETF. The development indicates that the Fidelity Solana ETF is nearing approval, with industry analysts suggesting that it could launch in the coming months. The news has also contributed to a positive sentiment surrounding Solana (ticker: $SOL), which is showing signs of recovery in the market.
