Why Everyone’s Suddenly Filing for Solana ETFs

Seven asset managers revised their applications to launch Solana-based exchange-traded funds (ETFs), submitting amended filings to the US Securities and Exchange Commission (SEC) last weekend.

The firms include Franklin Templeton, Grayscale, Bitwise, VanEck, 21Shares, Fidelity, and Canary. Their filings build upon recent developments and mark a shift in tone between the regulator and ETF issuers.

Multiple industry insiders have expressed their thoughts, comparing the drawn-out process with other ETFs. Despite the level of progress, the chances of an imminent approval remain slim.