- Fidelity throws its hat into the SOL ETF ring, leaving BlackRock scratching their heads.
- $470M SOL vanished from exchanges like magic in just three weeks.
So, Fidelity, with its $15 trillion in assets, decides to join the cool kids in the Solana ETF race. Because, you know, everyone is doing it. ๐
March25th, they file a19b-4 form with the SEC, like they’re applying for a VIP club membership through Cboe BZX. Fancy.
๐ฅ The Great SOL ETF Showdown ๐ฅ
BlackRock’s still sitting on the sidelines, probably debating if this is just another fad. Meanwhile, Grayscale,21Shares, and the rest of the gang already RSVP’d. And the market’s like, “86% chance of approval? Sure, why not!”
February rolls around, and the SEC’s like, “Okay, fine, we see you,” and starts the240-day countdown clock. Franklin Templeton’s still playing catch-up, though. ๐
Oh, and Fidelity registering a trust in Delaware? That’s their way of saying, “We’re in it to win it.” ๐
After the CME Futures debut, SOL’s the star of the show, with other altcoins like Litecoin and Dogecoin trying to get a piece of the ETF pie. But Nate Geraci’s betting the SEC won’t let just anyone in. ๐ฒ
“I’m all for some altcoin ETFs, but let’s not get carried away. Advisors want a bit of everything, right? Broad crypto ETFs, that’s where it’s at.”
And the market? Speculators are all in, pulling $70M of SOL off exchanges like they’re prepping for a crypto winter. ๐ฅถ
Coinglass data shows $470M SOL flying off exchanges in three weeks. SOL’s feeling the love, bouncing back30% from its March low. ๐ช
But, will the bulls break through the $150 barrier, or will the short sellers crash the party? Only time will tell. โณ
Read More
- ALEO PREDICTION. ALEO cryptocurrency
- MUFASA: THE LION KING Trailer Tells the Tale of Mufasa and Scar as Brothers
- ATH PREDICTION. ATH cryptocurrency
- Save or Doom Solace Keep? The Shocking Choice in Avowed!
- Marvel Confirms โAvengers: Secret Warsโ as the End of the Multiverse Saga โ Hereโs What Could Be Next
- Blake Lively Starrer It Ends With Us Features Songs by Taylor Swift and Post Malone and More
- Solo Leveling Season 2: Check Out The Release Date, Streaming Details, Expected Plot And More
- How To Fix The First Berserker Khazan Controller Issues on PC
- COMP PREDICTION. COMP cryptocurrency
- SOL PREDICTION. SOL cryptocurrency
2025-03-26 17:14