Fidelity Leads Spot Solana ETF Race with Initial S-1 Filing Featuring Staking Options

On June 14, Fidelity Investments officially filed its initial S-1 registration statement for a spot Solana ETF, marking a significant step in expanding institutional crypto investment options. Concurrently, industry leaders such as VanEck, 21Shares, Franklin Templeton, Grayscale Investments, Bitwise Investments, and Canary Capital submitted amendments to their existing S-1 filings. Notably, all filings emphasize the inclusion of staking features within their spot Solana ETFs, highlighting a growing trend to integrate yield-generating mechanisms in crypto exchange-traded products. This development reflects the increasing institutional appetite for diversified exposure to Solana’s blockchain ecosystem through regulated investment vehicles, potentially enhancing liquidity and market participation.