• Solana ETF issuers file amended S-1s, signaling progress with SEC review.
• CoinShares registers Solana Staking ETF entity in Delaware for yield-based exposure.
• SEC introduces “Project Crypto,” shifting stance on crypto asset classification.

A group of financial firms seeking to launch spot Solana exchange-traded funds (ETFs) has submitted revised S-1 registration statements with the U.S. Securities and Exchange Commission (SEC), showing ongoing regulatory engagement and possible movement toward approval.

On Thursday, Franklin Templeton, Bitwise, Fidelity, Canary Capital, CoinShares, Grayscale, and VanEck submitted amended S-1 filings to the SEC. 

These updates were part of the process for launching Solana-based spot ETFs in the United States. Grayscale’s updated proposal included details about a 2.5% fund fee, which is to be paid in SOL, the native token of the Solana blockchain.

Industry participants noted that while the amended filings did not show major changes, they indicate ongoing communication between issuers and the SEC. 

Nate Geraci, president of NovaDius Wealth, commented via X that the amendments appear to be a revision of the languag…

The post Coordinated S-1 Filings Suggest Solana ETF Approval Is Moving Forward appeared first on Coin Edition.

• Solana ETF issuers file amended S-1s, signaling progress with SEC review.
• CoinShares registers Solana Staking ETF entity in Delaware for yield-based exposure.
• SEC introduces “Project Crypto,” shifting stance on crypto asset classification.

A group of financial firms seeking to launch spot Solana exchange-traded funds (ETFs) has submitted revised S-1 registration statements with the U.S. Securities and Exchange Commission (SEC), showing ongoing regulatory engagement and possible movement toward approval.

On Thursday, Franklin Templeton, Bitwise, Fidelity, Canary Capital, CoinShares, Grayscale, and VanEck submitted amended S-1 filings to the SEC. 

These updates were part of the process for launching Solana-based spot ETFs in the United States. Grayscale’s updated proposal included details about a 2.5% fund fee, which is to be paid in SOL, the native token of the Solana blockchain.

Industry participants noted that while the amended filings did not show major changes, they indicate ongoing communication between issuers and the SEC. 

Nate Geraci, president of NovaDius Wealth, commented via X that the amendments appear to be a revision of the languag…

The post Coordinated S-1 Filings Suggest Solana ETF Approval Is Moving Forward appeared first on Coin Edition.