Solana ETFs Near Approval: SEC Addresses Regulatory Concerns

The U.S. Securities and Exchange Commission (SEC) is edging closer to approving a new wave of exchange-traded funds (ETFs) that will track the price of Solana, the world’s sixth-largest cryptocurrency. Following feedback from Wall Street firms seeking to launch these Solana ETFs, the SEC has requested amendments to their registration filings, which indicates a potential milestone for crypto-related investment products. 21Shares and other major asset managers have received requests to address specific concerns regarding the handling of in-kind redemptions and whether Solana staking rewards should be treated as securities.