Recent days have witnessed a notable increase in the submission of applications for Solana-based ETFs, attracting the attention of analysts and market participants.
New Filings for Solana ETFs
According to public disclosures, Franklin Templeton, Galaxy Digital, VanEck, and Grayscale have all filed amendments to their proposals for Solana ETFs. Notably, Grayscale disclosed a fee structure of 2.5%.
ETF Market for Cryptocurrencies
Fidelity has also shown interest by submitting its first S-1 filing for a Solana-based product. This confirms the company's initial step toward launching a fund based on this cryptocurrency. ETF analysts note that this surge in activity may indicate growing confidence that the U.S. Securities and Exchange Commission (SEC) could soon approve altcoin-based ETFs.
SEC Approval Prospects
To date, the SEC has not yet approved any spot ETFs tied to altcoins, highlighting existing risks and uncertainties in this area. Nevertheless, the observed activity points to increasing institutional interest in expanding crypto investment products.
The rising number of submitted Solana ETF applications highlights an increasing interest in cryptocurrency investments, despite the uncertainties surrounding SEC's actions.
