Asset Managers Revise Solana ETF Filings with SEC

Multiple asset managers including Franklin Templeton, Grayscale, VanEck and Fidelity have filed updated Solana ETF S-1 registration statements with the U.S. Securities and Exchange Commission. The revised spot SOL ETF filings incorporate on-chain staking provisions, dual custodianship models and a 2.5% annual fee structure in SOL tokens, reflecting ongoing SEC dialogues after the approval of in-kind redemption for Bitcoin and Ethereum ETFs. SOL’s price dipped more than 3% to close at $170.24 following the filings, suggesting profit-taking or broader market caution. Technical indicators show bearish momentum below key supports at $170 and $158. Traders will watch a close above $180 to confirm renewed bullish sentiment, while a breach under $158 could lead to a deeper correction toward $145 or $130. A successful Solana ETF approval would legitimize SOL as a mainstream investment asset, boost liquidity and attract significant institutional capital. With over $60 billion in staked SOL and a maturing DeFi ecosystem, Solana is well-positioned to benefit from an influx of long-term investors once regulatory clarity arrives.