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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
By: DeepNewz • March 28, 2025
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 investment strategies.

This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.

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