Seven companies submitted revised Solana Spot ETF applications to the SEC, and the approval process has entered a critical stage.

As the U.S. Securities and Exchange Commission (SEC) gradually clarifies its stance on Solana Spot ETFs, seven asset management companies, including Fidelity, Grayscale, and VanEck, submitted revised S-1 registration statements on August 1. Although these updates did not involve substantive content, they hint that regulators and issuers are reaching a Consensus on the structural details of the ETFs. If all goes well, the first Solana ETFs may be approved between late August and September.

What does the S-1 amendment document mean? The S-1 registration statement is a formal application document submitted by the issuer to the SEC to register new securities that will be issued in the public market. In the case of the Solana Spot ETF, this document outlines the fund structure, fee mechanism, custody arrangements, and potential risk factors.

This round of revisions, although technical adjustments, reflects the ongoing in-depth negotiations between the SEC and major issuers on key issues such as language expression, SOL staking mechanisms, and the creation and redemption procedures. Market analyst Nate Geraci pointed out: "These detailed modifications indicate that both parties are moving towards final approval."

List of Seven Institutions Submitting Revised S-1 As of August 1, the following seven asset management companies have submitted revised S-1 applications:

• Bitwise
• Canary Capital
• Fidelity
• CoinShares
• Grayscale
• Franklin Templeton
• VanEck

These companies are key players in the US and global cryptocurrency investment markets, and their simultaneous advancement of the Solana ETF plan demonstrates confidence in the long-term value of SOL assets.

Analysis of the Approval Process for Solana ETF To launch a Spot ETF, in addition to the S-1 filing, the issuer must also submit a 19b-4 application, which proposes to the SEC to amend the exchange rules to support the ETF product. Some institutions have completed their 19b-4 submissions, while the remaining companies are expected to submit soon.

According to sources, the SEC had previously requested issuers to respond regarding the "physical redemption mechanism" and the potential compliance of SOL staking. On July 30, the SEC approved the "physical creation and redemption" mechanism for Bitcoin and Ethereum Spot ETFs, further heating up market expectations for the approval of the Solana ETF.

Approval time or lock from the end of August to the beginning of September Typically, the SEC will provide feedback within 2 to 4 weeks after receiving the revised S-1. Given that this update is part of a procedural advancement, coupled with the market's reports of the SEC maintaining a "high-frequency dialogue" with issuers, the approval time for the first Solana ETFs is likely to fall between late August and early September, ahead of the final decision deadline in October.

Market Expectations and Gaming Platform Feedback According to decentralized prediction platform Polymarket, users are almost certain that the Solana ETF will be approved by the end of 2025. This confidence stems from the recent shift in regulatory stance and the simultaneous trend of mainstream asset management companies actively responding.

Conclusion: Solana Spot ETF is currently in a critical stage of regulatory advancement, with seven leading asset management companies simultaneously submitting revised applications indicating strong market confidence and close regulatory interaction. As the SEC's acceptance of the structure of cryptocurrency ETFs increases, SOL may become the next compliant investment target following BTC and ETH, accelerating the further mainstreaming of cryptocurrency assets.

Keywords: Solana Spot ETF, S-1 amendment, Grayscale Solana ETF, VanEck Solana Fund, SOL staking mechanism, physical redemption, SEC cryptocurrency ETF approval timeline, cryptocurrency asset compliance, latest developments on SOL ETF, Polymarket predictions