Fidelity Investments, one of the world’s leading investment companies, applied at Delaware to create a Solana (left) -oriented investment fund. This move shows that the company has stepped into the process of creating a solana -based spot stock investment fund (ETF). This move of Fidelity is considered an important development that can increase the interest of corporate investors to Solana.

What does Fidelity mean?

Fidelity’s application at Delaware (file#10138042) is seen as an attempt to create an indirect access to Solana investors. Solana, known for its rapid trading times and low costs, stands out as a block chain network where corporate investors are increasingly interested.

This step of Fidelity also draws attention as a part of the increasing competition in the sector. Previously, major funding management companies such as Bitwise and Franklin Templeton have applied for investment funds in Delaware. These companies have completed their registration applications for the US Securities and Stock Exchange Commission (SEC) for solelana -oriented spot ETFs. Fidelity is expected to follow a similar process. However, considering that SEC has only been approved by Bitcoin and Ethereum ETFs so far, uncertainty continues to whether solana ETF will get approval.

Can Fidelity overcome the Second obstacle?

The acceleration of Solana ETF applications by Fidelity and other major investors raises the question of whether there will be a change in SEC’s approach to crypto assets. While the Trump administration follows a policy that approaches the crypto sector more positively, it is thought that the SEC may have a more flexible attitude than previous administrations.

Solana is seen as a powerful investment tool, especially due to its wide range of use in the Funding (Defi) and NFT ecosystem. However, it remains unclear how SEC is an arrangement for crypto beings other than Bitcoin and Ethereum.

The bond between traditional finance and the crypto world is strengthening

This move of Fidelity shows that the relationship between traditional finance and digital existence ecosystem is strengthened. Although it is unclear when the Solana ETF will be released, this development reinforces the trust of corporate investors in block chain technology.

In the coming period, how the SEC will approach Solana ETF applications will play a critical role in determining the place of all alternative crypto assets in the investment world, not only Solana, but not only Solana. If the SEC gives approval to these applications, the interest of corporate investors to Solana may increase rapidly, and solana may come to the forefront as an alternative investment instrument alongside Ethereum.