At least seven asset managers have submitted changed registration statements for their proposed spot Solana ETFs at the US Securities and Exchange Commission as the potential approval gets closer.
From 1 August, companies, including Bitwise” Canary Capital” Fidelity” Coinshares” Gay values” Franklin TempletonAnd Chatter have submitted updates to their S-1 registration statements.
What is a changed S-1 registration?
For those who are not aware, an S-1 is submitted a document to the SEC that companies use to register new effects for a public offer. In the case of Spot Solana ETFs, these archives serve as the formal proposal to launch a new fund that would offer direct exposure to SOL, the native token of the Solana Blockchain.
These registration statements outline crucial information such as the structure, objectives, reimbursements, custodian and risk factors of the fund.
Changing the S-1 usually reflects feedback from the SEC or internal adjustments by the issuer. The changes can include clarifications about creating and repayment procedures, disclosures about the potential deployment of SOL or updates of retention schemes.
Although the recent changes were not substantial in content, according to market analyst Nate Geraci, they indicate that both issents and supervisors work on consensus on important language and structural details.
Are solana ETFs approved?
As soon as empenters submit or change their S-1s, the SEC assesses the documents and give comments. Publishing settings must then respond and possibly submit further updates. The process continues until the SEC considers the proposal satisfactory.
To launch a place ETF, both the S-1 and a separate 19B-4-4-one change in a rule have to set up to mention the ETF on a national stock market. Some issuers have already submitted their 19B-4s, while others are expected to do this soon.
Last month, it did not claim further mentioned sources that the Commission had asked issuing institutions to submit revised archives that tackle issues such as in -kind changes and commitment.
The SEC would also judge how emptents are planning to go into kind and whether it will be included in the ETF structure.
On July 30, the SEC in kind creation and repayment approved all spot Bitcoin and Ethereum ETFs, which gives credibility to earlier reports that approval from Solana ETF could also be on the horizon. If that happens, from the start, Solana ETFs can also take over in kind repayment structures.
As far as the timing is concerned, the SEC usually responds to changed S-1 invoices within two to four weeks. Given the procedural tone of the latest updates and reports of the active dialogue, a final decision about the first approvals of Solana ETF could arrive at the end of August or September, prior to the October deadline.
At the time of the press, gamblers on polymarket were almost Certainly That Solana ETFs are approved towards the end of 2025.
