Cboe seeks approval for Fidelity's Solana ETF

The US stock exchange Cboe BZX Exchange is seeking permission to list the loyal Exchange Trade Fund (ETF) holding Solana (SOL), according to a filing on March 25th.

This request is currently with the Securities and Exchange Commission. This must be approved for filing before loyal Solana Fund transactions are commenced on the exchange.

This is the latest in filings to federal agencies by exchanges and fund sponsors seeking to launch ETFs that hold SOL and other cryptocurrencies.

On March 12, the CBOE filed to list another Spot Sol ETF sponsored by asset manager Franklin Templeton.

Related: Solana CME futures tips deduct ETF approval – exec

Many filings

The CBOE application comes after the Asset Manager's volatility stock launches an ETF that tracks the performance of Spot Sol using a financial derivative known as Futures.

The Volatility, launched in March, shares the Solana ETF (Solz), and the Volatility shares the 2x Solana ETF (SOLT), making it the first ETF to be exposed to investors exposed to Solana's native tokens. Solt ETF tracks Sol's performance with double leverage.

Analysts at Bloomberg Intelligence say that, according to a February post on the X Platform, the odds of US regulators approved the Spot Sol ETF this year.

According to Bloomberg Intelligence, other asset managers trying to list Spotsol ETFs include Grayscale, Vanek, 21Share, Canary and Bitwise.

On March 17th, the Chicago Mercantile Exchange (CME), the largest derivative exchange in the United States, launched Sol futures contracts. Experts say this is an even more indication that Spotsol ETFs will soon be approved in the US.

Approximately 12 asset managers are seeking SEC approval to launch Altcoin ETFs in the US. Altcoins' proposed ETFs range from Litecoin (LTC) and XRP (XRP) to Dogecoin (Doge) and official Trump (Trump).

The issuer is also asking the SEC to approve any changes to existing ETFs, including staking, options, and physical redemption allowances.

The SEC eased its stance on cryptocurrency after US President Donald Trump began his second term in January.

Under former President Joe Biden, the SEC has filed more than 100 cases against crypto companies, alleging various securities law violations. In 2024, regulators green-lighted Spot Bitcoin (BTC) and Ether (ETH) ETFs, but hampered the proposed ETFs associated with other cryptocurrencies.

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