A number of asset managers aiming to launch spot Solana (SOL) exchange-traded funds have submitted up to date registration statements, signaling continued engagement with the U.S. Securities and Alternate Fee (SEC) as they pursue regulatory approval.
On Thursday, companies together with Franklin Templeton, Bitwise, Constancy, Grayscale, VanEck, CoinShares, and Canary Capital filed amended S-1 kinds. The revisions point out ongoing dialogue with the SEC as candidates fine-tune their proposals.
Grayscale’s newest submitting revealed a notable element: the fund plans to use a 2.5% administration payment, which will likely be paid in SOL relatively than in money.
Based on Nate Geraci, president of NovaDius Wealth, the amended filings replicate iterative progress relatively than sweeping adjustments. “These updates recommend the SEC is actively working with issuers to resolve particulars,” he famous, including that almost all modifications seem minor.
The regulatory overview course of stays ongoing, however the updates recommend {that a} potential inexperienced gentle for the primary spot Solana ETFs could also be drawing nearer.
