ETF Store CEO Nate Geraci announced today that a new spot Solana ETF S-1 amendment application has been submitted by Franklin, Fidelity, Coinshares, Bitwise, Grayscale, Vaneck and Canary.
According to Geraci, these applications also include staking. This is considered a positive signal by investors.
Geraci also predicted the application’s approval process and said it predicted that Solana ETF could be approved within the next two weeks.
Gerachi also outlined notable developments at the crypto ETF front over the past two weeks. This includes the first Spot XRP ETF, the first Spot Dogecoin ETF, the approval of the SEC public listing standards, the first index-based Spot Crypto ETF, the first Ethereum Staking ETF, the first hype ETF application, and Vanguard’s Bushback on Spot Bushback.
Geraci said October could be a major turning point for the crypto ETF market, following all of these developments.
*This is not investment advice.
