Several asset managers aiming to launch spot Solana (SOL) exchange-traded funds have submitted updated registration statements, signaling continued engagement with the U.S. Securities and Exchange Commission (SEC) as they pursue regulatory approval.
On Thursday, firms including Franklin Templeton, Bitwise, Fidelity, Grayscale, VanEck, CoinShares, and Canary Capital filed amended S-1 forms. The revisions indicate ongoing dialogue with the SEC as applicants fine-tune their proposals.
Grayscale’s latest filing revealed a notable detail: the fund plans to apply a 2.5% management fee, which will be paid in SOL rather than in cash.
According to Nate Geraci, president of NovaDius Wealth, the amended filings reflect iterative progress rather than sweeping changes. “These updates suggest the SEC is actively working with issuers to resolve details,” he noted, adding that most modifications appear minor.
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The regulatory review process remains ongoing, but the updates suggest that a potential green light for the first spot Solana ETFs may be drawing closer.
Kosta Gushterov
Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.
