SEC Receives Applications For Solana Spot ETFs

According to Odaily, several firms have submitted applications to the U.S. Securities and Exchange Commission (SEC) for Solana spot exchange-traded funds (ETFs). The SEC has acknowledged receipt and processing of the relevant documents. The Cboe BZX Exchange has filed a proposed rule change form to support the listing and trading of Solana spot ETFs issued by 21Shares, Bitwise, Canary Capital, and VanEck. Previously, these companies' applications for Solana ETFs were rejected. Bloomberg ETF analysts James Seyffart and Eric Balchunas stated on Monday that they estimate a 70% chance of the SEC approving the Solana ETF. Additionally, Franklin Templeton appears to be preparing to enter the Solana ETF market, having filed documents in Delaware on Tuesday to register the Franklin Solana Trust.