$SOL ETF Issuers Submit Updated Filings Signaling #Approval Progress


$SOL ETF prospects have advanced as Franklin Templeton, Galaxy Digital, Grayscale, and VanEck submitted updated S-1 registration filings.


Fidelity also filed its first Solana Fund S-1, marking the firm's initial spot $SOL ETP application.


The #SEC reportedly requested updated documents from potential issuers, focusing on in-kind redemptions and staking approaches.


Bloomberg analyst Eric Balchunas suggests approval likelihood has increased, projecting a two- to four-month timeline for listings.


VanEck added #staking provisions to its prospective Solana ETF in Friday's updated filing.


The agency has approved spot $BTC and $ETH ETFs but remains hesitant on alternative token products.


CME's $SOL futures listing provides beneficial precedent, though it’s not essential for ETF approval processes under the current regulatory framework.

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June 15, 2025 at 11:17 PM
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