Multiple institutions have submitted updated Solana ETF S-1 filings.

Odaily Planet Daily News on June 13 reported that companies such as Franklin Templeton, Galaxy Digital, Grayscale, and VanEck submitted updated S-1 filings for Solana spot ETFs. Fidelity also filed its S-1 registration for its Solana fund, marking Fidelity's first application targeting spot Solana ETPs.

According to recent regulatory documents, the SEC has requested several potential Solana ETF issuers to update their S-1 filings, particularly regarding statements on physical redemption and staking mechanisms. This move is seen as a signal of the SEC's changing attitude toward approving Solana spot ETFs, with expectations that Solana spot ETFs may launch within the next two to four months.

Although the SEC has approved spot ETFs for Bitcoin and Ethereum as well as some hybrid crypto equity funds, it remains cautious about ETF products tracking other tokens, notably delaying approvals for funds like Avalanche, Dogecoin, and Hedera. Experts believe that under a more favorable SEC regulatory environment, Solana has a greater chance of approval, especially in the context of CME launching Solana futures. (The Block)