Fidelity’s Solana ETF will come with staking?

Alright, Fidelity filed with the SEC to launch a spot Solana ETF, but here’s the sauce, it’s got staking built right in.

Yeah, you heard me, staking. That sweet little bonus that lets you earn rewards just for holding your crypto.

ETFs aren’t crypto

Now, why’s that a big deal, we can stake in crypto whenever we want? But most crypto ETFs out there?

They aren’t real crypto, so they don’t do staking. Regulatory headaches, you know how it goes.

The SEC’s been notoriously tough on crypto products, making it tricky for funds to offer anything beyond basic exposure. But Fidelity’s saying, hey, we’re ready to shake things up.

With this step, Fidelity’s joining the ranks of other big players like Bitwise and Canary, who’ve also tweaked their ETF proposals to include staking.

It’s like a crypto arms race, but instead of guns, they’re packing rewards and regulatory savvy.

It’s time

Think about it like this, you’re at the office, and your boss finally says, hey, you can have your cake and eat it too.

You get the price gains from Solana, plus those staking rewards, extra dough just for holding tight. It’s like getting a raise and a bonus on the same paycheck. Sweet deal, right?

And here’s the point, the SEC’s new leadership seems to be softening up on crypto. After years of playing hardball, there’s a hint of a more open door.

So, Fidelity’s move is quite smart timing. They’re betting the regulators might just let this one slide through, and they may be lucky.

Staking or not?

Of course, nothing’s guaranteed. The SEC’s still got the final say, and they can be as unpredictable as a bad boss on a bad day.

But if this gets the green light, it could mark a real turning point for crypto ETFs, making them more attractive to institutional investors and everyday people alike.

Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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