Firms like VanEck, Galaxy Digital, Franklin Templeton, and Fidelity have submitted updated S-1 filings for spot Solana ETFs, signaling that SEC approval may be near. The SEC recently requested changes related to staking and in-kind redemptions. Experts predict that Solana ETFs could be approved within 2–4 months. Optimism is rising after CME listed SOL futures, and issuers are urging the SEC to follow the traditional "first-to-file" review process.