Editor's PiCK
"Solana spot ETF, major issuers submit S-1 amendments... Approval expected within 2 weeks"
Suehyeon Lee
Summary
- Solana(SOL) spot ETF issuers reportedly submitted S-1 amendments to the U.S. SEC.
- Nate Geraci, chairman of NovadiousWells, said he expects approval within two weeks.
- Major managers such as Franklin Templeton and Fidelity are reported to have submitted amendments that include staking-related content.
Solana(SOL) spot exchange-traded fund (ETF) issuers have simultaneously submitted amendments to the registration statement (S-1) to the U.S. Securities and Exchange Commission (SEC), and there are prospects that approval could be possible within two weeks.
On the 27th (local time), Nate Geraci, chairman of NovadiousWells, said, "Today, S-1 amendments for the Solana spot ETF were submitted in succession. The Solana spot ETF will be approved within two weeks," he predicted.
The asset managers that submitted the amendments are Franklin Templeton, Fidelity, CoinShares, Bitwise, Grayscale, VanEck, Canary, and others. The amendments are reported to also include staking-related content.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
!['Easy money is over' as Trump pick triggers turmoil…Bitcoin tumbles too [Bin Nansa’s Wall Street, No Gaps]](https://media.bloomingbit.io/PROD/news/c5552397-3200-4794-a27b-2fabde64d4e2.webp?w=250)
![[Market] Bitcoin falls below $82,000...$320 million liquidated over the past hour](https://media.bloomingbit.io/PROD/news/93660260-0bc7-402a-bf2a-b4a42b9388aa.webp?w=250)