Fidelity has updated its S-1 registration statement for a proposed spot Solana ETF, indicating progress in its development. This update, confirmed by Eleanor Terrett, host of Crypto in America, underscores Fidelity's dedication to launching the ETF and complying with regulatory standards. The proposed ETF would enable investors to access Solana through traditional brokerage accounts, potentially enhancing market accessibility and liquidity. The U.S. Securities and Exchange Commission (SEC) will now review the updated filing, with approval contingent on addressing issues such as market manipulation and custody solutions. If approved, the ETF could significantly boost both institutional and retail interest in Solana, mirroring the effects seen with Bitcoin and Ethereum ETFs.