According to Deep Tide TechFlow, on June 14, The Block reported that several investment firms, including Franklin Templeton, Galaxy Digital, VanEck, and Grayscale, submitted updated S-1 filings on Friday. These filings are registration statements required for ETFs to obtain approval from the U.S. Securities and Exchange Commission (SEC) to be publicly traded. Fidelity also submitted its S-1 filing for its Solana fund for the first time.

Earlier this week, the U.S. SEC contacted several potential Solana ETF issuers, requesting them to update their S-1 filings. Bloomberg ETF analyst Eric Balchunas indicated that this suggests a higher likelihood of the SEC approving a Solana spot ETF than before, with the product expected to launch within 2 to 4 months.

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<p>According to TechFlow, on June 14, The Block reported that several investment firms, including Franklin Templeton, Galaxy Digital, VanEck, and Grayscale, submitted updated S-1 filings on Friday. These filings are the registration statements required for ETFs to obtain approval from the U.S. Securities and Exchange Commission (SEC) for public trading. Fidelity also submitted its S-1 filing for its Solana fund for the first time.</p>
<p>Earlier this week, the U.S. SEC contacted several potential Solana ETF issuers, requesting them to update their S-1 filings. Bloomberg ETF analyst Eric Balchunas indicated that this suggests a higher likelihood of SEC approval for a Solana spot ETF than before, with the product expected to launch within 2 to 4 months.</p>
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Multiple SOL ETF issuers, including Grayscale and VanEck, have submitted updated S-1 filings.