Recently, multiple Financial Institutions have submitted revised registration statements for the Solana Spot ETF to the U.S. Securities and Exchange Commission (SEC), sparking market speculation about the imminent regulatory approval of the Solana ETF.

According to reports, several well-known institutions, including Franklin Templeton, Bitwise, Fidelity, Canary Capital, CoinShares, Grayscale, and VanEck, have updated their S-1 forms. Among them, Grayscale revealed in the document that its fund plans to charge a management fee of 2.5% in the form of SOL tokens.

Industry experts have given a positive evaluation of this trend. Nate Geraci, the president of NovaDius Wealth, believes that these modifications reflect the ongoing positive communication between the SEC and issuers to refine the relevant terms of the prospectus. He stated that although there are no substantial changes in the amended documents, it clearly indicates that the regulators and issuers are engaging in in-depth dialogue to ensure that all details meet the requirements.

This series of revisions undoubtedly injects a shot of confidence into the Solana ecosystem. If these ETF applications are ultimately approved, they will provide institutional investors with more avenues to access the Solana network, potentially driving broader market participation.

However, despite the current positive situation, the final approval result for the ETF is still pending the SEC's official announcement. Investors and market participants are closely monitoring this development, hoping that the Solana ETF can bring new opportunities and vitality to the cryptocurrency market.