SEC Continues to Advance Solana Spot ETF Applications

The U.S. Securities and Exchange Commission (SEC) is actively reviewing applications for spot ETFs based on Solana, indicating a surge in discussions between the SEC and leading asset management companies. Recent updates from prominent firms like VanEck, Franklin Templeton, Canary/Marinade, Grayscale, 21Shares, Fidelity, Bitwise, and CoinShares showcase this trend, with some submitting revised applications for redemptions in both cash or Solana cryptocurrency.