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Details: ht
Solana ETF issuance parties collectively update application, experts expect approval within two weeks.
[Chain News] On September 28, news reported that on Friday, asset management companies Fidelity, Franklin Templeton, CoinShares, Bitwise, Grayscale, Canary Capital, and VanEck updated their respective proposed Solana ETF S-1 registration statement documents to clarify the details of their staking activities. This wave of document submissions follows a similar surge in late August, when several of the same issuers revised their documents to allow for cash redemption and physical redemption. Bloomberg ETF analyst James Seyffart stated at the time that these documents might indicate "these issuers have had active communication with the SEC."
Seyffart stated that the latest round of revisions shows signs that "issuers and the SEC are taking action. The Solana ETF is likely to be listed in the coming days/weeks." Nate Geraci, president of NovaDius Wealth, also welcomed the latest round of revisions, stating that this "is a good sign for the staking of spot Ethereum ETFs. These (Solana ETFs) are expected to be approved within the next two weeks."