Solana ETF Race Heats Up as Major Firms Amend S-1 Filings
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Key Notes Seven major asset managers have filed amended S-1s for spot Solana ETFs with the SEC. CoinShares is taking a unique approach with a proposed Solana Staking ETF. Grayscale plans to charge management fees in SOL tokens. Seven asset managers submitted amended S-1 registration statements for Solana spot exchange-traded funds (ETFs) with the Securities and Exchange Commission (SEC) this week. The updated filings from Grayscale, VanEck, Bitwise, Canary Capital, Franklin Templeton, Fidelity, and CoinShares suggest active engagement with the SEC as interest in cryptocurrencies beyond Bitcoin BTC $115 002 24h volatility: 3.0% Market cap: $2.29 T Vol. 24h: $56.94 B and Ethereum ETH $3 628 24h volatility: 6.1% Market cap: $437.79 B Vol. 24h: $35.63 B skyrockets. Franklin Templeton, Bitwise, Fidelity, Canary Capital, CoinShares, Grayscale, and VanEck have filed amended S-1 registration statements with the SEC for Solana spot ETFs. Grayscale’s filing shows the fund plans to charge a 2.5% fee, paid in SOL. In addition, the CoinShares Solana… — Wu Blockchain (@WuBlockchain) August 1, 2025 SEC and Asset Managers in Serious Dialogue Bloomberg’s Eric Balchunas and ETF Store’s Nate Geraci stated that this series of amendments is a sign that ETF issuers and the SEC are in serious dialogue. Not really… but clearly dialogue w/ SEC and issuers are refining prospectus language. Gotta think fees in neighborhood of btc & eth ETFs. — Nate Geraci (@NateGeraci) July 31, 2025 According to them, the ETF space is maturing with the SEC recently approving in-kind redemptions for spot BTC and ETH ETFs, paving the way for more flexible fund structures. Such an environment could benefit the case for altcoin investment products. The Bloomberg analysts estimate a 90% chance of SEC approval for a spot Solana ETF, though ETF variants including staking features remain under regulatory scrutiny. Polymarket data shows more…
Filed under: News - @ August 1, 2025 9:30 am