On June 13, 2025, seven issuers submitted amended S-1 forms for Solana exchange-traded funds (ETFs) to the U.S. Securities and Exchange Commission (SEC). These filings aim to clarify the language that allows the ETFs to stake their holdings in SOL, thereby enabling issuers to generate yield on the tokens and potentially offer higher returns to investors. Companies involved include 21Shares, Bitwise, Fidelity, Franklin Templeton, Grayscale, VanEck, and Canary Capital. Staking, a process of pledging tokens for financial rewards, has faced scrutiny from regulators, particularly regarding its associated risks. The SEC's request for updated forms signals a possible forthcoming approval of Solana ETFs amidst a broader industry shift towards easing cryptocurrency regulations. This aligns with a recent trend where the SEC has been increasingly collaborative with crypto entities, potentially paving the way for various cryptocurrency ETFs to enter the market soon. Currently, Solana is trading around $147, highlighting the market's interest in this asset amidst evolving regulatory landscapes.

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