Solana ETFs could soon become a reality! Yes, the SOL ETFs narrative is back in the limelight and this time it is courtesy of the Securities and Exchange Commission (SEC).
Several companies submitted applications for Solana ETFs in the last 12 months. They include Grayscale, Bitwise and VanECK among others and those applications maintained a pending status which could be about to yield into approvals.
Recent reports revealed that the SEC requested Solana ETFs applicants to submit amended S-1 application forms in a week’s time. The request was reportedly aimed at establishing how the companies will approach SOL staking.
Source: X
The development suggests that the ETFs may have a staking angle, which will allow investors especially institutions to stake for passive gains. If this will be the case, then the Solana ETF approvals will encourage a long term holder approach.
Speaking of approvals, reports also revealed that the SEC might respond within 4 to 5 weeks. In other
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