#Solana ETF Update: @Fidelity joins 6 other applicants waiting on #SEC approval under new @CBOE BZX 14.11 (e)(4) rule change to "Commodity Based Share Trusts" - to make #SEC approved Spot Solana ETFs.
If any of these get approved then $SOL is reclassified a "commodity" by the #SEC and joins only $BTC and $ETH with this status. $SOL is already classified as a commodity by the #CFTC who approved the listing of @VolShares $SOL Futures products recently.
Franklin Templeton @FTI_US
Franklin Templeton, a major asset manager with over $1.5 trillion in assets, filed for a spot Solana ETF with the SEC. The filing includes both S-1 and 19b-4 forms, with the proposed Franklin Solana ETF intended to be listed on the Cboe BZX Exchange. The SEC has acknowledged this filing, marking a significant step forward. The review process is ongoing, with public comments being sought as part of the standard procedure.
VanEck @vaneck_us
VanEck was one of the first to file for a spot Solana ETF, submitting its 19b-4 application on June 27, 2024, followed by an S-1 form. The filing was added to the Federal Register on February 19, 2025, triggering a 240-day review period, with a potential approval decision expected by October 2025. The ETF is also proposed for listing on the Cboe BZX Exchange.
21Shares @21Shares
21Shares filed its spot Solana ETF application shortly after VanEck on June 28, 2024. Like VanEckโs, this filing was officially added to the Federal Register on February 19, 2025, setting a potential approval deadline in October 2025. It is also slated for the Cboe BZX Exchange.
Bitwise @bitwise
Bitwise submitted an S-1 form for its spot Solana ETF in November 2024, after withdrawing an earlier Delaware trust filing. The 19b-4 form was refiled and added to the Federal Register on February 19, 2025, aligning its review timeline with VanEck and 21Shares for a possible October 2025 decision. The Bitwise Solana ETF is planned for listing on the Cboe BZX Exchange.
Canary Capital @CanaryFunds
Canary Capital filed for a spot Solana ETF in late October 2024, with its application joining the others in the Federal Register on February 19, 2025. This sets its potential approval timeline to October 2025 as well, with the Cboe BZX Exchange as the proposed listing venue.
Grayscale @Grayscale
Grayscale filed a 19b-4 form on December 3, 2024, to convert its existing Grayscale Solana Trust (GSOL) into a spot ETF, to be listed on the NYSE Arca. The SEC acknowledged this filing, and it entered the public comment phase, with a notable deadline for a decision set for October 2025 following its Federal Register listing. This application is distinct as it involves converting an existing trust rather than launching a new fund.
Fidelity @Fidelity
Fidelity recently joined the race by filing an application for a spot Solana ETF, with Cboe submitting the necessary paperwork. While specific dates are less clear compared to others, it is part of the ongoing wave of Solana ETF proposals under SEC review as of early 2025.
https://t.co/4PbqLPnfyw
@bryanlisme @TrenchFoxKurama @SECGov You are so stupid you donโt realise $SSE is a farming scam. After a 500% dump you celebrate a 100% pump. Classic pattern followed by a slow rug.
Letโs see how low the chart will be at the end of the week.
@bryanlisme@nftAmmar The chart is still dumping look dev wallets buying hahahahah
Watch how its back to all time lows at the end of the week. Itโs a classic pattern same as $LUX how can you be so stupid
$SSE is a scam everyone be careful!
@bryanlisme @TrenchFoxKurama @SECGov 20 days of devs dumping $SSE coin followed by 2 days of pump followed by 20 more days of dumping. Stay away from usetapestry and $SSE coin.
Price of $SSE on day 1 reached 4x the price as it is today ๐๐๐๐๐
The definition of a scam.
@harshasai777@bryanlisme@usetapestry Itโs because nobody uses it. Itโs a scam. If there were any volume you would get rewards.
They might lock staking once price goes even further down be careful. Project has been reported to the SEC. $SSE ๐ฉ