The US Securities and Stock Exchange Committee now Recognized Fidelity’s Solana TORCHED TORCHED FUND (ETF).
The upward development did not have a little immediate impact on the popular altcoin price. According to Coingecko data, the Sol price has decreased by more than 12 % over the past 24 hours amid the sale of the comprehensive market.
As said U.today, Fedelity, which includes approximately $ 4.9 trillion of management assets, jumped in the Solana ETF race in late March.
In February, SEC also admitted many Solana ETF files such as Grayscale, 21shares and Canary Capital.
Polymarket betting sees an 83 % chance of ETF Solana’s approval this year.
