Multiple Firms Update Solana ETF Filings, Signaling Ongoing SEC Dialogue

In Summary

  • Asset managers update filings for U.S. spot Solana ETFs.
  • Updates include cash and in-kind redemption options.
  • Indicative of ongoing dialogue and coordination with the SEC.
  • SOL price down 1% as ETF approvals remain in progress.


Catenaa, Saturday, September 06, 2025- A group of asset managers including VanEck, Franklin, Canary/Marinade, Grayscale, 21Shares, Fidelity, Bitwise, and CoinShares submitted updated filings for spot Solana ETFs on Friday,

The updates follow a similar wave of revisions last week for XRP ETF proposals.

Some amendments allow both cash and in-kind redemptions, enabling ETF shares to be exchanged for either cash or the underlying cryptocurrency.

Bloomberg ETF analyst James Seyffart described the filings as indicative of “positive back and forth” between issuers and the SEC.

The US launched its first spot Solana ETF, the REX-Osprey SOL + Staking ETF, on July 2, bypassing the traditional SEC approval process, though it has not attracted the same inflows as established spot Bitcoin and Ethereum ETFs.

Futures-based Solana ETFs were introduced earlier this year by Volatility Shares in March.

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