Several ETF issuers have submitted a revised S-1 filing for a SOL spot ETF, advancing the ETF listing process.
Powered by ChatGPTAugust 1st, several institutions planning to launch a Solana spot ETF submitted an amended registration statement to the U.S. Securities and Exchange Commission (SEC) this Thursday, signaling that the Solana ETF may soon receive SEC approval.
Among them, Franklin Templeton, Bitwise, Fidelity, Canary Capital, CoinShares, Grayscale, and VanEck all submitted amended S-1 form filings. Grayscale disclosed in the filing that its fund plans to charge a 2.5% management fee (payable in $SOL).
NovaDius Wealth President Nate Geraci stated that these amendments indicate that the SEC and the issuing institutions are refining the prospectus language. "The amended filings show no substantive differences, indicating that the SEC and the issuers are clearly engaged in dialogue to enhance the terms." [BlockBeats]