21Shares has filed an updated S-1 with the U.S. SEC for its proposed Solana ETF, clarifying how the fund will handle staking and in-kind redemptions.
The filing comes ahead of October, when the SEC is expected to issue decisions on multiple crypto ETF applications. Other issuers, including Franklin, Fidelity, CoinShares, Grayscale, and VanEck, have also updated their Solana ETF filings to address SEC feedback.
Currently, nine applications for Solana ETFs are pending, underscoring growing institutional interest in the asset. October could prove pivotal for the crypto sector, with deadlines approaching for ETFs linked to Solana, XRP, Litecoin, and Cardano.
Earlier this month, the SEC approved new listing standards for crypto ETFs, requiring them to be listed on regulated markets or backed by CFTC-supervised futures contracts.
These changes are expected to streamline the approval process. Market participants are closely watching whether the SEC will approve Solana-based products, potentially opening new doors for U.S. crypto investment.
You need to login in order to Like
Leave a comment