The financial market is once again shaken by news, as global asset management giant Fidelity Investments has just formally submitted the Solana spot ETF registration document to the U.S. Securities and Exchange Commission (SEC). This move signifies that after Bitcoin and Ethereum, mainstream financial institutions have turned their attention to the third pillar of encryption assets.

This is not just the action of a single institution, but it shows the strong interest of top financial institutions on Wall Street in the Solana ecosystem. Shortly after the news that BlackRock may be preparing a Solana ETF, Fidelity Investments quickly took substantive action. Solana, known for its high-speed trading capabilities, is rapidly gaining favor in the traditional financial sector.

Looking back at the market performance after the approval of the Ethereum spot ETF, many investors can't help but wonder: Will Solana repeat a similar trend? If the SEC ultimately approves this application, it will bring a significant amount of traditional financial capital into the Solana ecosystem, potentially triggering a new round of value reassessment in the encryption market.

This application also puts the SEC in a dilemma: approval would mean acceptance of a broader range of encryption assets; refusal could directly conflict with the Wall Street financial forces that are increasingly optimistic about encryption assets. The impact of this regulatory decision extends far beyond Solana itself and could reshape the regulatory landscape of the entire encryption asset market.

With the news emerging, market participants have begun to widely discuss the future price trends of Solana and its potential impact on the entire encryption ecosystem, as this new chapter of the fusion of finance and technology is accelerating.