Fund managers, heeding the request from the U.S. Securities and Exchange Commission (SEC), have filed amended S-1 forms for their Solana ETFs. This event may impact the market and has drawn interest from institutional investors.
Amended S-1 Forms for Solana ETFs
On Friday, fund managers seeking to offer Solana ETFs submitted amended S-1 forms. Among the managers listed are Franklin Templeton, Fidelity, VanEck, Bitwise, and Grayscale Investments.
Predictions for Solana ETF Approval
Users on Polymarket predict a 91 percent chance of the U.S. SEC approving Solana ETFs by the end of 2025.
Market Impact on Solana
The Solana network has seen significant growth over the past year, facilitating its mainstream adoption in web3. The imminent approval of Solana ETFs could pose substantial competition to Ethereum's dominance in the crypto market.
Expectations surrounding the approval of Solana ETFs generate interest in the crypto community, and the growing adoption of this cryptocurrency by institutional investors could lead to significant price increases by the end of the year.
