Bloomberg analyst James Seyffart posted on X platform, stating that the U.S. Securities and Exchange Commission has contacted the issuers of exchange-traded funds, requesting them to submit updated application documents for Solana ETF and include collateral content in them. As of now, seven issuers who are expected to issue Solana ETF have all submitted S-1 updated documents, namely: VanEck Solana ETF, Fidelity Solana Fund, 21Shares Core Solana ETF, Franklin Solana Trust, Grayscale Solana Trust, Bitwise Solana ETF, and Canary Marinade Solana ETF.
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Bloomberg Analyst: All seven Solana ETF issuers have submitted updated S-1 documents that include pledge content
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