Analyst: After a series of revised documents were submitted intensively, the Solana ETF may be listed within weeks

ChainCatcher news, according to The Block, on Friday, asset management companies Fidelity, Franklin Templeton, CoinShares, Bitwise, Grayscale, Canary Capital, and VanEck updated their respective proposed Solana ETF S-1 registration statement documents to clarify the details of their staking activities.

This wave of document submissions follows a similar surge in late August, when several of the same issuers revised their documents to allow for cash and physical redemptions. Bloomberg ETF analyst James Seyffart noted at the time that these documents might indicate "active communication between these issuers and the SEC." In a post on the X platform, Seyffart stated that the latest round of revisions shows "signs of action from the issuers and the SEC. A Solana ETF is likely to be listed in the coming days/weeks." Nate Geraci, president of NovaDius Wealth, also welcomed the latest round of revisions, calling it "a good sign for spot Ethereum ETF staking. These (Solana ETFs) are expected to be approved within the next two weeks."