Fidelity also comes with a Solana ETF application

Fidelity has plans to expand his crypto spot Exchange Traded Fund (ETF) portfolio on the American stock exchange. On June 13, 2025, the investment company submitted a so-called S-1 registration with the Securities and Exchange Commission (SEC). This applies to a solana (SOL) ETF. The fund should be called “Fidelity Solana Fund” and signals increasing institutional interest in the popular Altcoin.

Race om Solana ETF’s barst los

Fidelity is now not the only party that wants to launch a SOL ETF. Other large asset managers, including Grayscale and Franklin Templeton, also have similar requests and that is a positive sign. The SEC wants to prevent a monopoly position and prefer to approve several ETFS at the same time, similar to what it is with Bitcoin (BTC) in Ethereum (ETH) has done. Both coins received 11 and 9 ETFS respectively.

What is special is that Fidelity strike wants to add applications to the ETF, which can make it extra interesting for investors. Part of the Solana will be able to be stuck through reliable parties and could possibly be traded on the CBOE BZX Exchange. Fidelity’s application clearly leads to optimism among investors, on the Polymarkets gambling platform shot The chance that an SOL ETF will launch in 2025 up from 79% to 91%.

Michael Saylor from Solana

The fact that the institutional interest in SOL is increasing it is also clear from the recent investments of listed companies such as the Defi Development Corp. The CEO of the company, Joseph Onorati, has a clear mission: he wants to become the “Michael Saylor of Solana”. So Onorati explains further in one recent interview With Sherwood. Where Saylor uses BTC with strategy, Onorati chooses Sol full of conviction. And that turns out not to be an empty promise. His company now owns more than 621,000 SOL, with a value of more than $ 100 million. With this, Defi DEV Corp has the largest public Solana Treasury in the world.

According to Onorati, Solana is not only fast and scalable, but also usable in the real world. Applications such as Decentralized Finance (Defi), non -fungible tokens (NFTS) and blockchain games run smoothly on the network. Another important advantage over Bitcoin? Solana yields extra returns through a strike. This means that the network is strengthened, while the owners generate passive income, without having to sell their SOL.

The name change from Janover to Defi Development Corp emphasizes the new direction: full focus on crypto. The company wants to become the access point to the Solana ecosystem, similar to how strategy is seen within the BTC community.