Solana ETF Nears Approval as Prominent Firms Resubmit S-1s

The Solana ecosystem is buzzing with anticipation as multiple prominent investment firms, including VanEck and Fidelity, have resubmitted amended S-1 forms to list spot Solana exchange-traded funds (ETFs). This move follows the SEC’s request for revisions to ETF applications, particularly those involving in-kind redemptions and staking mechanisms. Analysts suggest this indicates the SEC may be closer to approving such crypto investment products.