Fidelity Investments has filed an application with the U.S. Securities and Exchange Commission (SEC) for a spot exchange-traded fund (ETF) that focuses on Solana (SOL) and includes staking features.
This initiative shows that more institutional investors are interested in the cryptocurrency market, especially in Solana, which is a blockchain platform known for being fast and having low transaction costs.
The new ETF is designed to let investors directly benefit from the price changes of Solana. It also offers a chance to earn extra money through staking rewards.
Staking means putting away crypto to help the network work, and it can earn money for investors without much effort. This feature sets Fidelity’s ETF apart from other crypto ETFs, which usually don’t provide staking because of regulatory issues.
