Solana ETF Applicants File Revisions with U.S. SEC
Multiple firms amend filings as SEC takes cautious stance on tokenized equity products
On June 13, 2025, several financial firms—including Canary Marinade, 21Shares, and Bitwise—submitted amended filings to the U.S. Securities and Exchange Commission (SEC) for exchange-traded funds (ETFs) tied to Solana (SOL) . These updates aim to address the SEC’s concerns raised during its review of the proposals. Despite the amendments, sources suggest the SEC remains cautious and is not rushing to approve these crypto-based financial products.
Why this matters:
Institutional interest in altcoins grows: Solana ETFs reflect rising demand for regulated investment vehicles beyond Bitcoin.
Regulatory outlook remains uncertain: The cautious SEC approach may impact the timing and structure of potential approvals.
Unlocking altcoin investment: Approval would give investors a compliant way to diversify exposure to Solana and other crypto tokens.
This move signals the next frontier of crypto adoption: token-linked ETFs beyond Bitcoin are edging closer to mainstream legitimacy, albeit under close regulatory guard.
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