Several major asset managers have updated their filings for Solana exchange-traded funds (ETFs) in light of changes in SEC's regulatory stance.
Key Changes in ETF Filings
Companies such as Franklin Templeton, Bitwise, Fidelity, Canary Capital, CoinShares, Grayscale, and VanEck have amended their statements. Notably, Grayscale has announced a fee of 2.5% which will be payable in SOL tokens.
SEC Signals Softening Stance on Crypto Assets
The SEC is currently reviewing proposals for various crypto-related ETFs, including those tracking Solana, XRP, and DOGE. An observable shift in posture suggests potential openness to broader approvals. SEC Chair Paul Atkins remarked that the vast majority of crypto assets are not securities, contrasting earlier positions and possibly altering the evaluation of new crypto ETF applications.
Prospects for Solana ETFs
With the recent filings and SEC actions, optimism surrounds the potential approval of Solana ETFs. Market participants are preparing for a more favorable regulatory environment for crypto fund launches.
As firms update their Solana ETF filings and the SEC shifts its stance, there are grounds for optimism regarding the future approval of crypto funds in the U.S. market.
