Fidelity Investments is looking to create a quoted background in Exchange (ETF) that tracks the price of Solana (Sol), a presentation before the Bag and Securities Commission on Tuesday.
CBOE Exchange uploaded a 19B-4 presentation to list an ETF of Solana proposed by the veteran of $ 5 billion Wall Street. This occurs after the firm registered a Fidelity Solana Fund in Delaware last Thursday.
Fidelity has not yet sent a S-1 presentation, which is required for companies to issue a new security and appear in a public stock exchange.
Solana, with $ 74 billion, is currently the largest cryptographic active for market capitalization in the world. Several asset administrators have submitted applications to the SEC to launch funds that maintain the Token, including Grayscale, Franklin Templeton and Vaneck.
Last week, two Sun ETF Sun futures (Solz and Solt) arrive on the market in Nasdaq, a significant step to obtain a product quoted in the stock market.
Fidelity has previously issued two SPOT cryptographic ETF: Fidelity Wise Origin Bitcoin Fund (FBTC) and Fidelity Ethereum Fund (Feth). Both launched last year. FBTC has attracted almost $ 17 billion in assets, or Bitcoin, and Feth manages approximately $ 975 million.
Many of Fidelity’s clients are interested in having cryptocurrencies and a large part already does. The company has been working on its digital asset ecosystem since 2014.
