World funding supervisor VanEck on Tuesday filed its sixth S-1/a Modification with the U.S. Securities and Trade Fee for its proposed Solana ETF. In keeping with the submitting, the agency seeks a 0.30% sponsor charge waiver for the primary 3 months on the preliminary $1 billion belongings beneath administration (AUM).
The submitting additionally confirms that the agency requests that staking supplier charges be waived. VanEck is predicted to hunt 400,000 shares of its inventory at $25 every because the seed basket, which can permit registration to take impact.
Solana ETFs set to launch this week
#Solana Spot ETF Replace: @vaneck_us recordsdata their sixth S-1/a Ammendment to their Vaneck Solana ETF.
Modifications:
– The submitting standing modified to “efficient”.
– The charge modified to 0.3%IMO: @BitwiseInvest @vaneck_us and @Grayscale Solana ETFs go dwell this week probably tomorrow 9am… pic.twitter.com/IcLgvJeXB9
— MartyParty (@martypartymusic) October 27, 2025
VanEck’s Modification no.6 includes particular praising changes throughout the submitting. The revisions to the applying doc purpose to handle suggestions and make clear particulars requested by the SEC.
Though the amendments are seemingly minor, they replicate an ongoing dialogue between the worldwide asset supervisor and the regulatory physique. The latest modification additionally demonstrates VanEck’s dedication to assembly all the necessities by the SEC for the approval of a spot Solana ETF. The modification follows complicated regulatory frameworks, which guarantee all authorized and compliance facets are absolutely lined earlier than the VanEck spot Solana ETF may be provided to the general public.
The approval for VanExk’s spot Solana ETF has stalled for the reason that federal authorities shut down on October 1. Nonetheless, the SEC continues to be working beneath restricted capability. The SEC’s approval of the primary U.S. spot Bitcoin ETF in January final yr paved the way in which for different ETFs to be listed and traded by corporations together with BlackRock, Grayscale, Bitwise, ARK Funding, 21Shares, WisdomTree, Constancy, Valkyrie, VanEck, Hashdex, Invesco Galaxy, and Franklin Templeton.
Roughly 16 ETFs had been awaiting SEC approval this month, linked to numerous altcoins, together with SOL, LTC, and Dogecoin. Thomas Uhm, Chief Working Officer of Solana-based liquid staking and MEV protocol Jito, revealed that Solana ETF approvals are just the start.
“We’re already working with tier 1 funding banks on merchandise associated to those ETFs and on accumulation methods utilizing staked Solana ETF choices.”
-Thomas Uhm, COO of Jito.
Different Solana establishments are additionally displaying curiosity in SOL, with Bitwise and Canary Capital confirming their particular person Solana ETFs will debut on October 28 amid weeks of regulatory uncertainty. Bitwise’s head of analysis, Ryan Rasmussen, revealed the agency’s SOL ETF, denoted by the ticker BSOL, signaling an institutional gateway into the Solana ecosystem.
Bitwise’s Solana Staking ETF goals to leverage SOL’s 7% common staking reward price, whereas focusing on 100% of belongings staked. The funding agency additionally revealed that staking will likely be by way of Bitwise Onchain Options, powered by Helius Labs, with 0% charges and a waiver for a restricted interval. Bitwise acknowledged that Solna is a key platform for enabling capital markets to come back on-chain.
Grayscale has additionally revealed its SOL ETF beneath the ticker GSOL, arguing that it’s the U.S.’s largest publicly traded spot Solana fund. The fund already provides publicity to Solana in sure U.S. brokerage accounts, that includes staking capabilities. Hong Kong additionally debuted its first Solana ETF on Monday, making Asia’s first SOL fund.
SOL’s value surges amid ETF approvals
On the time of publication, Solana is buying and selling at $202.34, up greater than 1.16% within the final 24 hours. SOL has surged by 3.62% within the final 7 days, pushed by the anticipation of Solana ETF approvals this week.
Crypto analyst Marty Social gathering projected that Solana will climb greater following the launch of the Solana ETFs. He referred to as out Binance for value manipulation, noting that the trade had bought high-leverage lengthy positions with ensuing liquidations. The crypto analyst additionally alleged that Binance will use market makers to scrub commerce the worth decrease and liquidate late longs.
Cryptopolitan reported earlier that Canary Capital submitted 8-As on Monday for Litecoin and HBAR ETFs, becoming a member of the race to ascertain altcoin funds earlier than the top of the yr. Each funds are additionally anticipated to launch this week, with a administration charge of 0.95%. The Litecoin ETF will commerce beneath the ticker LTCC, whereas the Hedera ETF will commerce beneath the ticker HBR.
