A wave of amended applications from major asset managers indicates that spot Solana ETFs could be approved in a matter of weeks.
On Friday, companies such as Fidelity, Franklin Templeton, and VanEck updated their S-1 forms to clarify their staking plans, a crucial final step before the SEC can grant approval.
Fidelity's filing confirmed that it would stake some or all of its SOL holdings to generate yields.
This flurry of activity suggests that regulators are actively collaborating with issuers.
Bloomberg ETF analyst James Seyffart said the updates show "signs of movement from issuers and the SEC," adding that the products "likely coming to an exchange near you in coming days/weeks."