21Shares files updated S-1 for Solana ETF ahead of SEC decision
Solana ETF issuers are updating their proposals as the U.S. crypto market braces for a busy October, with the SEC set to rule on a wave of altcoin ETF applications.
- Solana ETF proposals gain traction as 21Shares updates S-1 filing, revising fund structure and operational details.
- Other issuers, including Franklin, Fidelity, CoinShares, Bitwise, Grayscale, VanEck, and Canary, have also submitted similar updates.
- The SEC is expected to make final decisions on 16 crypto ETF applications in October, covering altcoins like Solana, XRP, Litecoin, Dogecoin, and Cardano.
ETF issuer 21Shares has filed an updated S-1 for its proposed Solana ETF. In the amendment, the asset manager provided revised details on the structure and operations of the proposed fund. The update includes provisions around staking and clarifies how in-kind redemptions would be handled, addressing points that have drawn close scrutiny from regulators.
21Shares’ updated Solana ETF filing | Source: sec.gov
The filing builds on a flurry of similar amendments submitted in recent days by other issuers, including Franklin, Fidelity, CoinShares, Bitwise, Grayscale, VanEck, and Canary.
Currently, around nine applications for Solana ( SOL ) ETFs are pending with the SEC. The recent wave of amendments signals that issuers are actively refining their filings in response to regulatory feedback, a common step ahead of final approval decisions.
Solana ETF amendments come ahead of October approval buzz
October is shaping up to be a big month for crypto ETFs, with the SEC set to decide on several altcoin-based applications, such as XRP ( XRP ), Litecoin ( LTC ), Cardano ( ADA ), alongside SOL.
Deadlines for the various proposals are spread throughout the month, and ongoing regulatory developments are fueling approval hopes across the industry. Official sources have recently revealed that the SEC has dropped delay notices for these applications, clearing the way for final decisions and a potential flood of new ETF releases hitting the market.
This follows the approval of updated listing standards for crypto ETFs by the commission earlier in the month, boosting expectations that the proposed funds are likely to receive regulatory approval.
Updated filings from 21Shares and other issuers now add to the growing chatter and anticipation around the proposed funds. Meanwhile, the ETF buzz is translating into strong price action for SOL, which is up nearly 4% on the day, trading at $207 at the time of writing.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum Updates Today: MoonBull’s Unique Ethereum Foundation Distinguishes It in the Competitive Meme Coin Space
- MoonBull ($MOBU) surges in Stage 6 presale with 7,244% ROI potential, leveraging Ethereum's security and deflationary tokenomics. - A structured referral system offers 15% extra tokens and USDC bonuses, driving $600K+ raised and 2,000+ holders. - Unlike meme coins, MoonBull's Ethereum-based model with staking and governance aims for sustainability, contrasting with volatile alternatives like TRUMP and XRP . - Analysts caution about crypto volatility, emphasizing ROI projections depend on market condition
From Pharmaceuticals to Blockchain: Lite Strategy's $100 Million LTC Reserve Disrupts Traditional Finance
- Lite Strategy (LITS) becomes first U.S. publicly traded company to adopt Litecoin as primary reserve asset after $100M private placement. - Partnership with crypto firm GSR and Litecoin creator Charlie Lee on board aims to institutionalize digital treasury management amid volatile markets. - $12.21M working capital and 12.39 current ratio highlight liquidity strength despite 18% YTD stock decline and mixed institutional investor reactions. - Strategic shift from pharmaceuticals to crypto reserves challen
Malaysia’s Broad Trade Approach Counters Trump Tariffs, Fuels 5.2% Economic Expansion
- Malaysia navigated Trump's 2025 tariffs via trade diversification and diplomacy, avoiding panic amid global market shocks. - U.S. reduced tariffs to 19% in October 2025 after Malaysia opened markets, coinciding with 5.2% Q3 GDP growth driven by exports and fiscal discipline. - Strategic trade ties with China, Singapore, and U.S. mitigated protectionist impacts, supported by ASEAN coordination and non-retaliatory policies. - Malaysia's $250M investment in semiconductor design and renewable energy reflects
Lite Strategy’s Balancing Game in Crypto-Pharma: Is It Possible to Manage Instability and Tradition Together?
- Lite Strategy (LITS) rebranded from MEI Pharma to focus on Litecoin , acquiring 929,548 LTC via a $100M PIPE in July 2025. - The company partners with GSR for crypto treasury management and launched a $25M share repurchase program in October 2025. - LITS holds $12.21M in working capital with no debt, while balancing pharmaceutical asset sales (e.g., ME-344) with crypto investments. - Despite strong liquidity (current ratio 12.39), the stock faces volatility risks and regulatory uncertainties in its crypt
Trending news
MoreCrypto prices
More
