Spot Solana ETFs Progress as Issuers Submit Amended S-1s

Major financial firms including Fidelity, Grayscale, and VanEck have submitted updated registration statements for their proposed spot Solana exchange-traded funds (ETFs), signaling progress in gaining approval from the SEC. The Securities and Exchange Commission requested changes related to staking and in-kind redemptions, prompting these firms to amend their submissions. Bloomberg analysts estimate that potential approvals could take two to four months, pending review of the revised filings.