Odaily News June 13, Franklin Templeton, Galaxy Digital, Grayscale, VanEck and other companies submitted updated S-1 filings for the Solana Spot ETF, and Fidelity also submitted its S-1 registration filing for its Solana fund, which is seen as Fidelity's first application for a Spot Solana ETP.
According to recent regulatory documents, the SEC has requested several potential Solana ETF issuers to update their S-1 filings, particularly regarding the descriptions of physical redemption and staking mechanisms. This move is seen as a signal that the SEC's stance on approving Solana Spot ETFs may be changing, with expectations that Solana Spot ETFs could go live in the next two to four months.
Although the SEC has approved spot ETFs for Bitcoin and Ethereum, as well as some hybrid crypto equity funds, the SEC remains cautious about ETF products that track other tokens, especially with delays in approval for funds such as Avalanche, Dogecoin, and Hedera. Experts believe that with a more friendly SEC regulatory environment, Solana has a better chance of approval, especially in the context of the CME's launch of Solana futures. （The Block）
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Multiple institutions have submitted updated Solana ETF S-1 filings.
Odaily News June 13, Franklin Templeton, Galaxy Digital, Grayscale, VanEck and other companies submitted updated S-1 filings for the Solana Spot ETF, and Fidelity also submitted its S-1 registration filing for its Solana fund, which is seen as Fidelity's first application for a Spot Solana ETP. According to recent regulatory documents, the SEC has requested several potential Solana ETF issuers to update their S-1 filings, particularly regarding the descriptions of physical redemption and staking mechanisms. This move is seen as a signal that the SEC's stance on approving Solana Spot ETFs may be changing, with expectations that Solana Spot ETFs could go live in the next two to four months. Although the SEC has approved spot ETFs for Bitcoin and Ethereum, as well as some hybrid crypto equity funds, the SEC remains cautious about ETF products that track other tokens, especially with delays in approval for funds such as Avalanche, Dogecoin, and Hedera. Experts believe that with a more friendly SEC regulatory environment, Solana has a better chance of approval, especially in the context of the CME's launch of Solana futures. （The Block）