Franklin Templeton and other asset management companies revise Solana ETF applications, possibly in preparation for SEC approval.

On August 1 (UTC+8), several asset management companies, including Franklin Templeton, Bitwise, Fidelity, Grayscale, and VanEck, submitted amended S-1 registration statements for their spot Solana ETF to the U.S. Securities and Exchange Commission (SEC). Grayscale disclosed in its filing that it plans to charge a 2.5% management fee, payable in SOL. NovaDius Wealth President Nate Geraci said that these amendments show that there is an ongoing dialogue between the issuers and the SEC to refine the language of the prospectus, which means that the approval process is progressing. Currently, the SEC is weighing dozens of cryptocurrency ETF proposals, including Solana, XRP, and Dogecoin. [MetaEra]