#SOL ETF Updates The new application updates made to the (SEC) by the ABD Securities and Exchange Commission indicate that Solana (SOL) spot ETFs may be approved soon.

Major companies like Franklin Templeton, Galaxy Digital, Grayscale, and VanEck have submitted updated S-1 forms to the SEC for exchange-traded fund applications based on Solana (SOL). These documents are known as mandatory registration documents submitted to obtain approval from the SEC for the public offering of ETF products. Fidelity has made its first application for a Solana spot ETF.

According to Bloomberg ETF analyst Eric Balchunas, the SEC's request for these companies to update their applications may indicate that the approval of SOL ETFs is much closer than in previous periods. Balchunas estimated a timeframe of about two to four months for the launch of the products.
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