Analyst: Solana spot ETF makes progress again, may be launched within weeks According to BlockBeats, on September 28th, several well-known asset management companies made centralized revisions to Solana ETF application documents, indicating that spot Solana ETFs that support staking functions may be listed within a few weeks. This Friday, Fidelity, Franklin Templeton CoinShares、Bitwise、 Grayscale, Canary Capital, and VanEck, among other asset management companies, have updated their respective Solana ETF S-1 application documents, clarifying the details of their pledge activities. Fidelity, which manages the second largest spot Bitcoin ETF (based on asset management size), stated in a revised document that it will pledge some or all of its Solana holdings to generate returns. This wave of document revisions continues the trend of the end of August, when multiple issuers modified their documents to allow cash and physical redemptions. Bloomberg ETF analyst James Seyfart pointed out that this is likely to mean "active communication between the issuer and the US Securities and Exchange Commission (SEC)," and added that "Solana ETF may land on the exchange in the coming days or weeks. NovaDius Wealth President Nate Geraci also sees this round of revisions as a positive signal for the staking of spot Ethereum ETFs, and expects the Solana ETF to be approved within two weeks. BlockBeats note: There are differences in legal structure and filing path between the previous REX Osprey SOL ETF and normal spot ETFs. Normal encrypted spot ETFs are filed through the S-1 form under the 1933 Securities Act, while REX Osprey utilizes the 1940 Act to quickly launch products, which poses regulatory uncertainty and potential compliance risks, resulting in lower liquidity and market acceptance.