## Important Updates: Fidelity Enters the Competition for Solana ETF!
Despite the excitement, Solana (SOL) has not yet experienced a price surge.
Cboe has formally submitted a document on behalf of Fidelity, the large investment company, to introduce a Solana (SOL) ETF in the United States. SEC Concludes Probe into Immutable, No Enforcement Action to Be Taken
With an enormous $4.9 trillion in managed assets, Fidelity is undoubtedly the largest participant to join the Solana ETF arena.
This action was not entirely unexpected. They submitted documentation in Delaware last week for a legal trust. It was quite evident that an ETF application would follow, in accordance with Fidelity’s current crypto strategy.
As previously stated, Franklin Templeton also entered the Solana ETF competition in February.
Currently, Polymarket gamblers estimate the likelihood of a SOL ETF being authorized this year to be a substantial 85%.
