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Fidelity Investments is looking to launch an exchange-traded fund that tracks the price of SOL, the native cryptocurrency of blockchain platform Solana, according to a 19b-4 form filed by Cboe Exchange with the Securities and Exchange Commission.

The industry giant has not yet filed an S-1 registration, which the commission would need to approve before the investment company can list the fund on a public exchange.

“A meaningful portion of our customers are interested in and own digital assets,” a Fidelity spokesperson told etf.com. “Fidelity remains committed to providing customers with a portfolio of solutions that offer choice, accompanied by education and support as they leverage products to meet their financial needs and objectives.”

Solana ETF Offerings

Solana is the sixth-largest crypto asset by market capitalization (currently around $71 billion), according to data from CoinMarketCap.

Interest in a spot Solana ETF continues to grow. Late last year, the Cboe BZX filed applications with the SEC on behalf of Bitwise, VanEck, 21Shares and Canary Capital right around the time SEC Chair Gary Gensler announced his departure from the regulatory agency.

In January, Nate Geraci, president of The ETF Store, wrote on social media platform X that one of his top 2025 crypto ETF predictions was that a spot SOL ETF would get approved.

Earlier this month, Volatility Shares issued the first U.S.-listed Solana ETFs, the Solana ETF (SOLZ) and the 2x Solana ETF (SOLT) . These funds aren’t spot crypto ETFs; they hold Solana futures contracts.

Fidelity’s Spot Crypto ETFs

Last year, Fidelity launched spot bitcoin and ethereum ETFs: the Fidelity Wise Origin Bitcoin Fund (FBTC) and Fidelity Ethereum Fund (FETH) .

The fund-management company has been working since 2014 to develop a digital assets ecosystem.

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