21Shares Submits Updated Solana ETF Filing as SEC Decision Looms - Crypto Markets Watch Closely

Another crypto heavyweight makes its move in the ETF arena—21Shares just dropped its updated S-1 filing for a Solana ETF, putting fresh pressure on regulators ahead of their final verdict.

Why This Filing Matters

This isn't just paperwork—it's strategic timing. With the SEC's decision window narrowing, 21Shares positions itself at the forefront of the next potential wave of crypto ETFs. Solana joins Bitcoin and Ethereum in the institutional spotlight, signaling broader acceptance—or at least, heavier scrutiny.

The Regulatory Chess Game

Watch how the SEC responds. Approval could open floodgates for altcoin ETFs; rejection might reinforce the gatekeeping narrative Wall Street loves to whisper about. Either way, the filing fuels the debate: are regulators adapting or just delaying the inevitable?

Market Impact and Trader Sentiment

Solana's price action reflects the anticipation—traders are betting big on a green light, while skeptics eye the regulatory hurdles. It's the classic crypto dance: high risk, higher reward, with a side of regulatory ambiguity that keeps traditional finance types comfortably cynical.

Bottom line: 21Shares just upped the ante. Whether the SEC calls or folds, the game—and the speculation—heats up.

The filing builds on a flurry of similar amendments submitted in recent days by other issuers, including Franklin, Fidelity, CoinShares, Bitwise, Grayscale, VanEck, and Canary.

Currently, around nine applications for Solana (SOL) ETFs are pending with the SEC. The recent wave of amendments signals that issuers are actively refining their filings in response to regulatory feedback, a common step ahead of final approval decisions.

Solana ETF amendments come ahead of October approval buzz

October is shaping up to be a big month for crypto ETFs, with the SEC set to decide on several altcoin-based applications, such as XRP (XRP), Litecoin (LTC), Cardano (ADA), alongside SOL.

Deadlines for the various proposals are spread throughout the month, and ongoing regulatory developments are fueling approval hopes across the industry. Official sources have recently revealed that the SEC has dropped delay notices for these applications, clearing the way for final decisions and a potential flood of new ETF releases hitting the market.

This follows the approval of updated listing standards for crypto ETFs by the commission earlier in the month, boosting expectations that the proposed funds are likely to receive regulatory approval.

Updated filings from 21Shares and other issuers now add to the growing chatter and anticipation around the proposed funds. Meanwhile, the ETF buzz is translating into strong price action for SOL, which is up nearly 4% on the day, trading at $207 at the time of writing.