Solana ETF Approval May Be Nearer as Grayscale and VanEck Submit Amended Filings

Key Points

1. Grayscale's GSOL ETF charges a 2.5% sponsor fee, uses Coinbase Custody, and follows a passive, cash-only model with no staking at launch.

2. VanEck's VSOL ETF has a 1.5% fee, employs dual custody with Gemini and Coinbase, and includes active staking with rewards reinvestment, pending regulatory approval.

3. SEC approval is critical for these ETFs to trade on major exchanges like NYSE Arca and Cboe BZX, providing regulated Solana exposure to investors.

4. Both ETFs are structured as grantor trusts, exempt from the Investment Company Act and Commodity Exchange Act, simplifying regulatory hurdles.

5. Approval of Solana ETFs could boost institutional investment, liquidity, and trust in the SOL token market, according to analysts.