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

Based on a series of regulatory documents, investment firms Franklin Templeton, Galaxy Digital, and VanEck submitted updated S-1 filings, which are registration statements required for ETFs to obtain SEC approval for public trading.

Fidelity also submitted its Solana fund S-1 filing on Friday. An insider stated, "This is Fidelity's first submission of an S-1 filing for a Solana ETP spot product."

According to ChainCatcher, reported by The Block, several companies submitted updated S-1 filings on Friday for listing spot Solana exchange-traded funds (ETFs). Some experts indicate that this move suggests the U.S. Securities and Exchange Commission (SEC) is closer to approving these products. Based on a series of regulatory filings, investment firms Franklin Templeton, Galaxy Digital, and VanEck submitted updated S-1 documents, which are the registration statements required for ETFs to be approved by the SEC for public trading. Fidelity also submitted its Solana fund S-1 filing on Friday; a knowledgeable source stated, "This is Fidelity's first submission of an S-1 filing for a spot Solana ETP."

Multiple Potential Issuers of SOL ETFs Have Submitted Updated S-1 Filings