PANews reported on August 1st that multiple asset management companies, including Franklin Templeton, Bitwise, Fidelity, Grayscale, and VanEck, have submitted revised S-1 registration statements for spot Solana ETF to the U.S. Securities and Exchange Commission (SEC). Grayscale disclosed in the filing that it plans to charge a 2.5% management fee for its fund and will be paid in SOL.
Nate Geraci, President of NovaDius Wealth, stated that these revisions reflect ongoing dialogue between issuers and the SEC to refine prospectus language, indicating that the approval process is moving forward. Currently, the SEC is evaluating ETF proposals for multiple cryptocurrencies, including Solana, XRP, and Dogecoin.
