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Multiple institutions have submitted Solana ETF application documents, and Fidelity has submitted its first SOL Spot ETP application.
According to Gate News bot, TheBlock reports that Franklin Templeton, Galaxy Digital, and VanEck have submitted updated S-1 filings to regulators. Grayscale has also submitted updated documents and disclosed information about charging a 2.5% fee for potential funds.
Fidelity Investments submitted its S-1 application for a Solana spot ETP for the first time on Friday. Previously, the U.S. Securities and Exchange Commission ( SEC ) had communicated with several potential Solana ETF issuers, requesting updates to their S-1 documents. Bloomberg ETF analyst Eric Balchunas noted: "The agency appears more likely than ever to approve some of these products, with spot SOL ETF potentially launching in two to four months."
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