21Shares files updated S-1 for Solana ETF ahead of SEC decision
Solana ETF issuers are updating their proposals as the U.S. crypto market braces for a busy October, with the SEC set to rule on a wave of altcoin ETF applications.
- Solana ETF proposals gain traction as 21Shares updates S-1 filing, revising fund structure and operational details.
- Other issuers, including Franklin, Fidelity, CoinShares, Bitwise, Grayscale, VanEck, and Canary, have also submitted similar updates.
- The SEC is expected to make final decisions on 16 crypto ETF applications in October, covering altcoins like Solana, XRP, Litecoin, Dogecoin, and Cardano.
ETF issuer 21Shares has filed an updated S-1 for its proposed Solana ETF. In the amendment, the asset manager provided revised details on the structure and operations of the proposed fund. The update includes provisions around staking and clarifies how in-kind redemptions would be handled, addressing points that have drawn close scrutiny from regulators.
21Shares’ updated Solana ETF filing | Source: sec.gov
The filing builds on a flurry of similar amendments submitted in recent days by other issuers, including Franklin, Fidelity, CoinShares, Bitwise, Grayscale, VanEck, and Canary.
Currently, around nine applications for Solana ( SOL ) ETFs are pending with the SEC. The recent wave of amendments signals that issuers are actively refining their filings in response to regulatory feedback, a common step ahead of final approval decisions.
Solana ETF amendments come ahead of October approval buzz
October is shaping up to be a big month for crypto ETFs, with the SEC set to decide on several altcoin-based applications, such as XRP ( XRP ), Litecoin ( LTC ), Cardano ( ADA ), alongside SOL.
Deadlines for the various proposals are spread throughout the month, and ongoing regulatory developments are fueling approval hopes across the industry. Official sources have recently revealed that the SEC has dropped delay notices for these applications, clearing the way for final decisions and a potential flood of new ETF releases hitting the market.
This follows the approval of updated listing standards for crypto ETFs by the commission earlier in the month, boosting expectations that the proposed funds are likely to receive regulatory approval.
Updated filings from 21Shares and other issuers now add to the growing chatter and anticipation around the proposed funds. Meanwhile, the ETF buzz is translating into strong price action for SOL, which is up nearly 4% on the day, trading at $207 at the time of writing.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
How a Query from an Office Supplies Specialist Transformed a $12 Billion Trucking Approach
- A non-trucking board member's question prompted Ryder System to shift focus from leasing to targeting 80-85% of companies owning their own trucks. - The strategic pivot aligns with growing demand in long-haul freight driven by e-commerce, trade agreements, and tech innovations like IoT fleet management. - Industry consolidation and sustainability trends, including electric trucks, are reshaping competition as firms expand specialized services like temperature-controlled logistics. - Ryder's experience hi
Ethereum News Update: Disorder or Planning? Apeing's Early Sale Breaks the Typical Meme Coin Mold
- Apeing ($APEING) emerges as a structured meme coin contender with a verified whitelist presale offering 10,000% projected gains, contrasting chaotic market norms. - Bitcoin and Ethereum show mixed recovery signals while Pepe ($PEPE) and Bonk ($BONK) dominate headlines amid growing institutional interest in meme coins. - Apeing's hybrid model combines meme virality with AI-driven utilities and audited infrastructure, drawing comparisons to Ethereum's blockchain evolution. - Risks persist due to market vol
Bitcoin Updates: Major Institutions Increase Bitcoin Holdings During Price Drops While Solana ETFs Resist Market Downturn: Opportunity or Crisis?
- Institutional investors and presale participants are buying dips in Bitcoin , Solana , and BNB as market volatility creates accumulation opportunities. - Hyperscale Data (GPUS) boosted its Bitcoin treasury to $70.5M (77% of market cap), aiming to expand to $100M via dollar-cost averaging. - Solana ETFs defied broader outflows with $568M net inflows, contrasting Bitcoin's $3.7B ETF exodus and signaling shifting institutional risk appetite. - Market dynamics hinge on Fed policy, ETF stabilization, and tech
Bitcoin Updates: IMF Warns of Widespread Risks Amid Growing Popularity of Tokenized Finance
- IMF highlights tokenized finance's efficiency gains but warns of systemic risks like smart contract interdependencies and liquidity vulnerabilities. - Upcoming Chainlink ETFs signal growing institutional adoption, with Grayscale and Bitwise advancing regulated exposure to $100B+ oracle network assets. - Analysts predict over 100 new crypto ETFs in six months, but XRP's 18% price drop underscores market volatility despite regulatory approvals. - IMF anticipates regulatory frameworks to address cross-platf
Trending news
MoreCrypto prices
More
