Solana ETFs are likely closer to approval as multiple major issuers updated filings to add flexible redemption mechanics and address regulator feedback. These filing revisions — from VanEck, Fidelity, Grayscale and others — signal progress in issuer‑regulator dialogue and increase the chance of a U.S. spot Solana ETF approval.
Multiple major issuers updated Solana ETF filings this week.
Revisions focus on redemption mechanics, allowing cash or native‑Solana redemptions.
Active issuer‑regulator dialogue, noted by Bloomberg analyst James Seyffart, typically indicates progress, not delay.
Meta description: Solana ETF approval nears as issuers update filings for flexible redemptions; see why major asset managers’ revisions boost approval odds. Read the latest analysis.
31 August 2025 | 19:03
What is driving the renewed momentum for Solana ETFs?
Solana ETF momentum stems from repeated filing updates by at least eight major issuers refining redemption and custody provisions to address regulator concerns. These targeted amendments improve institutional suitability by offering cash or Solana redemption options and clarifying staking and custody mechanics.
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Issuers including VanEck, Franklin Templeton, Fidelity, Grayscale, 21Shares, Bitwise, CoinShares and Canary/Marinade amended redemption language to allow flexibility between cash and native‑Solana in-kind redemptions. This reduces operational friction for authorized participants and can attract institutional capital that prefers direct asset redemptions or cash settlement alternatives.
Bloomberg analyst James Seyffart noted that repeated back‑and‑forth edits usually reflect constructive dialogue with regulators rather than stalls, which increases the probability of eventual approval.
The REX‑Osprey SOL + Staking ETF launched on July 2 as an early U.S. spot Solana product via a regulatory workaround. Despite its first‑mover status, the fund’s inflows remain modest compared with the billion‑dollar launches of spot Bitcoin and Ethereum ETFs, highlighting investor caution and the need for broader institutional access.
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Source: https://en.coinotag.com/solana-etf-approval-prospects-may-rise-as-major-managers-update-filings-on-redemption-terms/