The U.S. Securities and Exchange Commission (SE has asked prospective fund managers seeking to file spot Solana$SOL
(SOL) exchange-traded funds (ETFs) to amend their Form S-1 filings over the next week. According to people familiar with the matter, the SEC intends to comment on the amended Form S-1 filings within the next 30 days. The agency has ostensibly asked potential Solana ETF issuers to update their submissions regarding in-kind rollbacks. Additionally, the agency has asked fund managers to update their filings accordingly, in a reckless manner. Solana ETF Approval Imminent? As Coinpedia reports, some of the fund managers looking to offer Solana ETFs include Fidelity Investments, Grayscale Investments, Vaneck, Franklin Templeton, 21shares, Canary Capital, and Bitwise Asset Management. Get ready for a potential summer of cryptocurrency ETFs, with Solana likely leading the way (as well as some basket products), via jseyff's note this morning, which includes new prospects for all Spot ETFs. pic.twitter.com/umzih4Oou7 — Eric Balchunas (@ericbalchunas) June 10, 2025 The latest move by the US SEC suggests there's a good chance a potential Spot Solana ETF could be approved by July. Following the SEC's move, Polymarket traders now predict a 91 percent chance that the SOLANA ETF will be approved by the end of this year. The United States' willingness to establish clear crypto regulations has attracted more institutional investors to the digital asset and WEB3 space. What's next for Sol's price? Following this announcement, Sol's price jumped more than 5 percent on Tuesday, trading around $164 during the mid-North American session. The massive valuation, with a fully diluted valuation of around $98 billion and an average 24-hour trading volume of around $4.2 billion, follows a similar fractal pattern to Ethereum (ETH) amidst crypto traders in FOMO. According to crypto analyst Ali Martinez, Sol's price is poised for a parabolic rally in the near future. Furthermore, on-chain data shows that institutional investors, led by SOL strategies, have accumulated more aggressively in the recent past.
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