Six Asset Managers Revise Solana ETF Filings Amid SEC Talks

- Financial firms amend spot Solana ETF proposals, signaling ongoing regulatory momentum. - Updates reflect constructive engagement, aligning with trends in XRP ETF filings. Major asset management firms have submitted a wave of updated filings for spot Solana ETFs, signaling continued regulatory discussions with the Securities and Exchange Commission (SEC). On August 30, 2025, financial institutions including VanEck, Franklin, Grayscale, and 21Shares submitted revised proposals, with Fidelity, Bitwise, and CoinShares soon following suit. These updates feature provisions for both cash and in-kind redemptions, allowing ETF investors to redeem shares for either cash or the underlying cryptocurrency and marking a notable increase in functionality and flexibility. The new amendments underscore an active dialogue between asset managers and the SEC, similar to recent adjustments in XRP ETF filings. According to a report from Bloomberg on August 30, ETF analyst James Seyffart noted that these changes likely represent constructive progress between issuers and regulators. This development emphasizes the shift toward aligning cryptocurrency ETFs with investor needs and regulatory standards. These updates come after the launch of the REX-Osprey SOL + Staking ETF on July 2, 2025, which was the first spot Solana ETF in the United States. Although the fund used an innovative regulatory workaround, it has struggled to match the traction of spot Bitcoin and Ethereum ETFs. As a result, other firms’ efforts to create spot Solana ETFs seek to tap into broader investor interest in the asset class. Additionally, Volatility Shares introduced Solana futures ETFs in March 2025, which continue to diversify crypto investment tools. According to the latest market data, Solana (SOL) is trading at $201.242 as of 19:08 UTC on August 30. Its 24-hour trading volume has decreased by 0.601%.