Fidelity updates its Solana spot ETF filing, removing the delaying amendment to enable automatic effectiveness without SEC timing control.
The move signals growing institutional readiness for altcoin ETFs and could accelerate regulatory acceptance for broader crypto assets.
Fidelity has updated its Solana spot ETF registration documents by removing the “delaying amendment” clause.
This move allows the registration to take effect automatically within a specified timeframe, without the need for explicit green light from the SEC. This is certainly a departure from the usual situation, where the timing is entirely in the hands of regulatory authorities.
This change opens the opportunity for the Solana ETF to move more quickly toward launch, depending on the SEC’s continued response. While there is no indication of approval yet, this strategy demonstrates Fidelity’s desire to minimize the time friction that typically occurs with regulators.
Source: SEC
Fidelity’s Move Marks a
