Editor's PiCK
Fidelity submits amended registration for Solana ETF… switches to 'automatic effectiveness' method
Summary
- Fidelity has submitted an amended registration statement for a Solana spot ETF.
- The amendment removed the 'delaying amendment' that limits SEC control, meaning it becomes effective automatically after a certain period.
- As a result, the ETF launch schedule is likely to be accelerated, attracting investors' attention.
Fidelity submitted an amended registration statement (S-1) for a Solana (SOL) spot exchange-traded fund (ETF) to the U.S. Securities and Exchange Commission (SEC).
On the 30th (local time), according to Eleanor Terrett, host of Crypto in America, Fidelity removed the 'delaying amendment' clause in this amendment. That clause is a provision that allows the SEC to control the timing of the registration's effectiveness, and removing it means it becomes effective automatically after a certain period.
This is interpreted as a move following Bitwise's earlier launch of a Solana staking ETF (BSOL) in the same manner. By also adopting the automatic effectiveness approach, Fidelity is expected to likely accelerate the ETF launch soon.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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