Major Asset Managers Advance Spot Solana ETFs with Updated SEC Filings
In a significant development for the cryptocurrency market, seven prominent asset managers—Grayscale, VanEck, Bitwise, Fidelity, Franklin Templeton, Canary Capital, and CoinShares—have submitted updated filings to the U.S. Securities and Exchange Commission (SEC) for proposed Spot Solana (SOL) exchange-traded funds (ETFs). These filings, aligned with recent SEC discussions, outline detailed operational plans, including SOL storage, custodianship, and share creation and redemption processes. Notably, some filings introduce innovative "in-kind" redemptions, signaling a robust infrastructure for potential ETF approval. This collective move underscores growing institutional confidence in Solana's long-term viability and its integration into traditional finance. As of August 2025, the crypto community anticipates these developments could catalyze SOL's adoption and price performance, mirroring the trajectory seen with Bitcoin and Ethereum ETFs. The filings also reflect broader regulatory progress, potentially paving the way for Solana to become a cornerstone of diversified digital asset portfolios.
Seven Asset Managers Update Filings for Spot Solana (SOL) ETFs
Seven major asset managers, including Grayscale, VanEck, Bitwise, Fidelity, Franklin Templeton, Canary Capital, and CoinShares, have submitted updated filings to the SEC for proposed Spot solana exchange-traded funds. These filings align with recent SEC discussions and detail operational plans, including SOL storage, custodianship, and share creation and redemption processes.
Some filings introduce "in-kind" redemptions, settling in SOL rather than cash, while others explore staking to earn rewards. Grayscale plans a 2.5% fee with Coinbase as custodian, while Bitwise and VanEck consider staking via third-party platforms like Jito or Marinade.
The moves signal growing institutional interest in advanced crypto-based financial products, following the trajectory of ethereum ETFs. The SEC's decision on whether to approve these funds remains pending.
Solana ETF Filings Surge as Grayscale Sets 2.5% SOL Fee
Major asset managers including Franklin Templeton, Bitwise, Fidelity, Canary Capital, CoinShares, Grayscale, and VanEck have updated their S-1 registrations with the SEC, signaling a push to launch Solana spot ETFs. Grayscale's filing stands out with a 2.5% annual fee to be charged in SOL, reflecting innovative approaches to digital asset fund structures.
CoinShares has further cemented its commitment by registering a Solana Staking ETF in Delaware as of June 10, 2025. These developments highlight accelerating institutional interest in Solana, positioning it as a focal point for crypto investment innovation.
Institutional Buyers Pour $367 Million Into Solana Amid Price Volatility
Solana (SOL) demonstrates institutional conviction as major investors accumulate $367 million worth of tokens despite recent price weakness. Exchange balances dropped by 2.03 million SOL last week, signaling strong holder sentiment. DeFi Dev Corp notably expanded its position by 181,000 SOL, bringing its total holdings to $218 million with an average entry at $155.33.
The cryptocurrency currently tests critical support between $170-$175 after breaking below its 20-day moving average. Short liquidations loom NEAR the $185-$190 resistance zone, where a 5% upward move could trigger cascading buybacks. Market dynamics present a tension between bullish accumulation patterns and bearish technical indicators on shorter timeframes.
SOL's price action reflects a broader institutional narrative developing in altcoin markets. The token's 24-hour trading range of $178-$181 shows consolidation after recent volatility, with on-chain data revealing sustained accumulation during price dips. This divergence between price action and holder behavior suggests underlying strength in Solana's market structure.
Solana Price Prediction: ETF Approval Could Fuel Parabolic Rally
Solana's momentum has decisively shifted in favor of buyers, with bulls maintaining relentless pressure. The prospect of ETF approval looms as a potential catalyst for institutional inflows, possibly propelling SOL into a parabolic trajectory reminiscent of its historic $7 to $250 surge.
Analysts observe healthy corrections despite a slight weekly dip to $178, noting sustained retail accumulation. Ali Charts highlights a Tom DeMark Sequential buy signal, suggesting imminent retests of $200 before targeting $250 near-term. Meanwhile, Remittix emerges as a dark horse payment project with 100x potential, drawing attention for its cross-border transfer ambitions.
The SEC's evolving regulatory stance strengthens Solana's bullish case, with new rules potentially smoothing the path for ETF approvals. Market watchers anticipate these developments could eclipse SOL's legendary 2021 performance.
