๐ฅ Latest: 7 companies submit S-1 applications for Solana ETF to the SEC on June 13! ๐
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๐ The Solana ETF race intensifies:
On June 13, seven companies filed or amended S-1 applications with the U.S. Securities and Exchange Commission (SEC) to launch spot ETF funds for Solana ($SOL)! ๐
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๐ก Notable companies:
* Fidelity: submitted a new S-1 application. ๐
* 21Shares, Franklin Templeton, Grayscale, Bitwise, Canary Capital, and VanEck: submitted amendments to their previous applications. ๐
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๐ Important indications:
* Significant institutional interest: this large number of applications confirms the increasing institutional interest in Solana. ๐ข
* Approval imminent?: these amendments come after the SEC requested issuers to clarify certain aspects, which may indicate that approval decisions are approaching. โณ
* Inclusion of Staking: most applications include language about "staking," a new aspect that could accelerate or slow down the approval process. ๐
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โ Do you think Solana ETF approval is imminent, and what impact will it have on the price of $SOL? ๐ค
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