ChainCatcher news, according to The Block, on Friday, multiple companies submitted updated S-1 filings to list spot Solana exchange-traded funds. Some experts indicate that this move suggests the U.S. Securities and Exchange Commission (SEC) is closer to approving these products.According to a series of regulatory documents, investment firms Franklin Templeton, Galaxy Digital, and VanEck submitted updated S-1 filings, which are the registration statements required for ETFs to gain approval for public trading from the SEC. Fidelity also submitted its Solana fund S-1 filing on Friday, with an informed source stating, "This is Fidelity's first submission of an S-1 filing for a spot Solana ETP."

ChainCatcher news, The ETF Store president Nate Geraci stated on social media that the CME plans to launch SOL futures on March 17, which will be cash-settled, benefiting SOL ETF applications.

ChainCatcher news, the cryptocurrency prediction platform Polymarket previously stated that the likelihood of a Solana ETF being listed in the U.S. in 2025 is about 77%.Matthew Sigel, the research director at VanEck, commented that this prediction is underestimated. In June 2024, VanEck and its competitor asset management firm 21Shares are seeking approval from U.S. regulators to list a spot Solana ETF. Last November, shortly after Trump's victory in the U.S. presidential election, Matthew Sigel stated that the chances of the U.S. approving a SOL ETF in 2025 are "extremely high."

ChainCatcher news, Fox Business reporter Eleanor Terrett posted on social media that the cryptocurrency investment firm Canary Capital has submitted a SOL ETF application to the U.S. SEC.This is the third cryptocurrency ETF application submitted by the company this month, as Canary Capital has previously applied for LTC ETF and XRP ETF.

ChainCatcher news, according to BITCOINLFG, sources say that BlackRock may apply for a SOL ETF in July.

ChainCatcher news, before the application for the VanEck Solana ETF was submitted, the asset management company 3iQ also filed for a SOL ETF in Canada. If approved by the Ontario Securities Commission, the product will trade on the Toronto Stock Exchange.It is reported that the 3iQ product is a closed-end fund, which means it will offer a fixed number of shares, while the VanEck Solana ETF will allow authorized participants to create and redeem shares based on market demand.Bloomberg Intelligence analyst James Seyffart stated on X that 3iQ's Solana fund will be more similar to Grayscale Trust products.

Wintermute founder and CEO Evgeny Gaevoy posted on X that the likelihood of a SOL ETF being approved this year is almost zero (it is quite foolish to wishfully think this would become a priority for the Trump administration); once you actually see the inflow of funds into the ETH ETF, you'll understand that even if the SOL ETF is approved, the inflow will be even less.Evgeny added that Wintermute is a long-term supporter of SOL and ETH, but one should not overstate it; being realistic is important, as the adoption of cryptocurrency takes time.

ChainCatcher news, Bloomberg analyst James Seyffart posted on the X platform that VanEck has submitted the first SOL ETF in the U.S. It is worth noting whether other issuers will follow suit. The current thought is that if there is a new administration in the White House and a change in the SEC, the relevant applications might be launched sometime in 2025, but it may also not materialize.

ChainCatcher message, Skybridge Capital founder and managing partner Anthony Scaramucci stated on social media: "We will be ready for the SOL ETF."

ChainCatcher news, Bloomberg ETF analyst James Seyffart posted on X that, besides BTC and ETH, the demand for SOL ETFs may be greater than for other digital assets. However, the issue lies in the SEC's attitude towards SOL being completely different from that towards ETH. In previous lawsuits against Coinbase, Kraken, and other companies, the SEC has been straightforward in stating that "Solana (SOL) is a security," which could make the path for SOL ETFs very rocky.