Solana ETF: Fidelity Joins the Fray, Because Why Not?

Solana ETF: Fidelity Joins the Fray, Because Why Not? 🤔

And so, it begins. The grand farce of the Solana ETF circus has officially been joined by the esteemed Fidelity, a mutual fund giant with a penchant for getting in on the action. 🎪

As if the universe itself had decreed it, Cboe has filed a 19b-4 form on behalf of Fidelity, paving the way for a Solana (SOL) exchange-traded fund (ETF) to descend upon the unsuspecting masses. 🤯

But, of course, this development comes as no surprise to the initiated. The statutory trust registration filing in Delaware last week was merely a harbinger of this moment, a gentle tap on the shoulder to awaken the sleepers. 😴

And now, with Fidelity’s entry into the fray, the Solana ETF landscape has been forever altered. Or, rather, it’s been altered in the same way a well-placed trombone solo alters the harmony of a jazz ensemble – slightly, and only if you’re paying attention. 🎺

But what of Franklin Templeton, that behemoth of investment, which filed to launch a Solana ETF in late February? Has it been left in the dust, a relic of a bygone era? 🤔

Polymarket bettors, those wise and all-knowing oracles, currently see an 85% chance of a SOL ETF being approved this year. A veritable certainty, one might say. 📊

💬 The Solana ETF circus has officially begun. Step right up, ladies and gentlemen, and witness the spectacle of Fidelity’s foray into the world of cryptocurrency! 🎪

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2025-03-25 19:39