<ul data-eligibleForWebStory="true"><li>Several firms including Franklin Templeton, Galaxy Digital, VanEck and Grayscale filed updated S-1s for spot Solana ETF proposals, with Grayscale disclosing a fee structure of 2.5%.</li><li>Fidelity made a significant move by submitting its first S-1 filing for a spot Solana exchange-traded product, showing growing interest in Solana-based funds.</li><li>Analysts suggest the increased activity hints at growing confidence in the SEC potentially approving altcoin-based ETFs beyond Bitcoin and Ethereum.</li><li>The SEC has not yet approved any spot ETF linked to an altcoin, but the recent surge suggests rising institutional interest in crypto investment products.</li></ul>

Spot Solana ETF Race Heats Up as Fidelity, VanEck, and Others File Updated S-1s

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