Fidelity Solana Fund Review Extended: SEC Takes Its Sweet Time
Published Date: 5/23/2025
Notice
Summary
The SEC is taking extra time to review Cboe BZX Exchange’s plan to list and trade shares of the new Fidelity Solana Fund, a commodity-based trust. This means investors and traders interested in this fund will have to wait a bit longer before it hits the market. The decision deadline has been extended past May 24, 2025, to ensure a thorough review.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
Listing Delayed for Fidelity Solana Fund
The SEC extended its 45-day review period for Cboe BZX’s proposal to list and trade shares of the Fidelity Solana Fund. The original 45-day review that would have ended on May 24, 2025 has been extended so the Commission will act by July 8, 2025, meaning investors and traders must wait longer before the fund can begin trading.
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