Fidelity Registers $4.9 Trillion AUM Solana Fund in Delaware on March 20, Eyes Possible ETF

Fidelity Investments, managing $4.9 trillion in assets, has registered the 'Fidelity Solana Fund' in Delaware on March 20, according to official documents. The fund's registration was filed with Delaware state records.

The legitimacy of the fund remains uncertain, as some sources have questioned its validity. However, Fidelity's move, with its $15 trillion assets under management (AUM), is notable in the context of integrating Solana into mainstream investment portfolios.

This filing mirrors similar actions taken by other financial institutions like Bitwise and Franklin Templeton before their spot ETF filings, suggesting that Fidelity might be preparing for a Solana-related ETF.

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