CSC Registers a Fidelity Solana Fund

CSC Delaware Trust Company, a subsidiary of business formation specialist CSC, has registered a new entity named “Fidelity Solana Fund,” according to a recent filing. This registration may be an initial step towards Fidelity proposing a Solana exchange-traded product.

Fidelity also manages the world’s second-largest spot Bitcoin ETF, the Fidelity Wise Origin Bitcoin Fund (FBTC), which has about $16.5 billion in assets under management (AUM), second only to BlackRock’s iShares Bitcoin Trust with $48 billion in AUM.

A Fidelity spokesperson confirmed the accuracy of the filing but did not provide further details on whether the trust is a precursor to an ETF proposal.

Several other asset managers have submitted proposals for Solana ETFs, but SEC applications from VanEck, 21Shares, Bitwise, and Canary Capital were rejected.