Multiple ETF issuers have submitted S-1 amendment filings for spot SOL ETFs, advancing the ETF listing process.
Powered by ChatGPTOn August 1st, several institutions planning to launch Solana spot ETFs submitted amended registration statements to the U.S. Securities and Exchange Commission (SEC) this Thursday, signaling that Solana ETFs may soon be approved by the SEC.
Franklin Templeton, Bitwise, Fidelity, Canary Capital, CoinShares, Grayscale, and VanEck all submitted amended S-1 forms. Grayscale disclosed in its filing that its fund plans to charge a 2.50% management fee (paid in $SOL).
NovaDius Wealth President Nate Geraci said the amendments indicate that the SEC and the issuing institutions are refining the prospectus language. "There are no material differences in the amended filings, it is clear that the SEC and the issuers are in dialogue to refine the terms." [BlockBeats]