Franklin Templeton, Bitwise, Fidelity, Canary Capital, CoinShares, Grayscale, and VanEck have filed amendments to their S-1 registration statements with the U.S. Securities and Exchange Commission (SEC). Grayscale's filing revealed that it plans to charge a 2.5% fee on its fund, payable in SOL.

The U.S. Securities and Exchange Commission (SEC) is weighing several proposals to launch a SOL ETF, along with dozens of funds tracking cryptocurrencies like Ripple (XRP) and Dogecoin (DOGE). Under the Trump administration, the SEC has taken a friendlier stance toward digital assets, showing signs that it may eventually approve the funds.