Multiple Potential SOL ETF Issuers Submit Updated S-1 Filings

According to ChainCatcher, citing The Block, several companies submitted updated S-1 filings on Friday to list spot Solana exchange-traded funds. Some experts believe this move indicates that the U.S. Securities and Exchange Commission (SEC) is getting closer to approving these products.

According to a series of regulatory documents, investment firms Franklin Templeton, Galaxy Digital, and VanEck have submitted updated S-1 filings, which are the registration statements required for ETFs to receive SEC approval for public trading. Fidelity also submitted its Solana fund S-1 filing on Friday. According to a source familiar with the matter, "This is the first time Fidelity has filed an S-1 for a spot Solana ETP."