Key Points
- Fidelity filed for a SOL ETF in Delaware, hinting at an upcoming SOL ETF filing with the US SEC.
- SOL price spiked yesterday around the timing of the announcement.
Fidelity has filed for a Solana (SOL) ETF in Delaware, pointing out an upcoming official filing for an SOL ETF with the US SEC, and pushing the SOL price higher.
Fidelity Investments asset manager is valued at $4.9 trillion as of 2023.
Fidelity Hints at Upcoming SOL ETF
On March 20, a Fidelity Solana Fund Statutory Trust in Delaware was formed, and official notes reveal that the Registered Agent is the same as the Fidelity Ethereum Fund formed on October 31, 2023, which further proves its authenticity.
The move hints at an upcoming official Fidelity SOL filing with the US SEC.
President of ETF Store, Nate Geraci, also highlighted the importance of this move, saying that big players are coming in now, as expected.
The announcement came out yesterday, March 21, pushing the SOL price upwards.
SOL Price Surges
At the moment of writing this article, SOL is trading above $129, up by over 1% in the past 24 hours, with a market cap of more than $66 billion.
Yesterday, around the timing of the Fidelity Solana Fund news, SOL price spiked, recording six consecutive green candles.
SOL had a volatile week with prices ranging between $122 on March 18 and a top above $135 on March 20.
The bullish news for Solana comes following other important recent achievements for the project.
Solana Latest Achievements
On March 20, two bullish announcements regarding Solana (SOL) were made.
Volatilty Shares LLC launched two SOL futures ETFs, shortly after the US SEC decided to delay the other SOL ETFs by multiple firms including Grayscale, Bitwise, 21Shares, Canary, and VanEck.
Also, on the same day, TRX went live on Solana, after the project’s founder, Justin Sun, revealed the project’s plans on March 18.
TRX on SOL is now live! All liquidity is ready! LFG 🚀
Contract Address (CA): GbbesPbaYh5uiAZSYNXTc7w9jty1rpg3P9L4JeN4LkKchttps://t.co/PIzk3Kd4GL— H.E. Justin Sun 🍌 (@justinsuntron) March 20, 2025
TRX on Solana is a bullish move for both projects, combining the best features of each and resulting in a higher number of TPS and lower taxes.
