#ProjectCrypto The Solana (SOL) ETF application is seeing significant developments, as major companies such as Grayscale, VanEck, and 21Shares have amended their filings with the U.S. Securities and Exchange Commission (SEC). The amendments include the inclusion of a staking mechanism and the establishment of a management fee of 1.5% to 2.5% payable in SOL. These improvements reflect the institutions' commitment to regulatory compliance, increasing the chances of approval. However, no formal approvals have been granted yet, as the final decision on Grayscale's application has been postponed to October 10, 2025. The market responded cautiously, with Solana's price falling by nearly 3% despite the positive news. Analysts are awaiting whether the SEC will classify Solana as a "trust" or a "commodity," a crucial factor in the ETF's approval. Overall, the filing is progressing, but the actual impact on the price will depend on the final decisions in the coming months. $BTC
