Analyst: Solana spot ETF makes further progress and may be launched in a few weeks

ChainCatcher news indicates that the concentrated revisions of Solana ETF application documents by several well-known asset management companies suggest that a spot Solana ETF supporting staking features may be listed within weeks.

This Friday, asset management companies such as Fidelity, Franklin Templeton, CoinShares, Bitwise, Grayscale, Canary Capital, and VanEck updated their respective Solana ETF S-1 application documents, clarifying the details of staking activities. Fidelity, which manages the second-largest spot Bitcoin ETF (by assets under management), stated in the revised documents that it will stake part or all of its Solana holdings to earn rewards.

This wave of document revisions continues the trend from the end of August, when several issuers modified their documents to allow for cash and physical redemptions. Bloomberg ETF analyst James Seyffart pointed out that this likely indicates "active communication between issuers and the U.S. Securities and Exchange Commission (SEC)," adding that "the Solana ETF could be listed on exchanges in the coming days or weeks."

Nate Geraci, president of NovaDius Wealth, is also optimistic about this round of revisions, believing it "sends a positive signal for staking in spot Ethereum ETFs," and expects that the Solana ETF "will be approved within two weeks."