Asset Management Firms Submit Revised Solana Spot ETF Documents to U.S. SEC

Major asset management firms have submitted revised documents related to the Solana (SOL) ETF to the U.S. Securities and Exchange Commission (SEC), further raising the possibility of approval for a Solana (SOL) spot ETF.

According to The Block on the 31st (local time), seven firms—Franklin Templeton, Bitwise, Fidelity, Karani Capital, CoinShares, Grayscale, and VanEck—have submitted amended S-1 registration statements to the SEC for the launch of a Solana spot ETF.

The market interprets these amended document submissions as a sign of increasingly specific coordination between the SEC and the asset managers. Nate Geraci, president of NovaDius Wealth, commented, "This revised document submission is evidence that practical discussions with the SEC are making progress."

Currently, the SEC is reviewing approval proposals for ETFs based not just on Solana, but also on other digital assets like Ripple (XRP) and Dogecoin (DOGE). Since the beginning of the Trump administration, the favorable stance toward digital assets (cryptocurrencies) has been strengthened, increasing expectations for approval.

Earlier this week, the SEC officially approved the in-kind redemption method for spot Bitcoin and Ethereum ETFs. Additionally, it raised the trading limits for Bitcoin options. In particular, the SEC officially announced 'Project Crypto,' clarifying that the majority of digital assets are not considered securities.