Fidelity Moves Closer To U.S. Solana ETF Launch As Delaying Clause Removed From Filing

Fidelity Investments has advanced its bid to launch a spot Solana ETF, filing an updated S-1 registration that removes the delaying amendment which previously allowed the SEC to control timing.

With this change, the fund can automatically become effective after 20 days under the Securities Act, unless the SEC issues comments or objections.

The move aligns with a growing industry trend after Bitwise’s Solana Staking ETF drew strong inflows on launch. Analysts suggest multiple issuers — including VanEck and Canary — are positioning for mid-November listings, pending exchange approvals for associated 8-A filings.

Commentary from former SEC Chair Paul S. Atkins appeared supportive of the statutory auto-effective process, signaling openness to issuers leveraging the mechanism.

The filing underscores rising institutional appetite for Solana exposure and marks a milestone in the race to list Solana-based ETFs alongside earlier Bitcoin and Ethereum products.

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