The U.S. Securities and Exchange Commission (SEC) has acknowledged a recent Solana ETF application proposed by Canary Capital. This follows the acknowledgment of Grayscale's Solana ETF filing earlier this month. Franklin Templeton has also registered a new Delaware entity, indicating its intention to join the Solana ETF race. VanEck was the first to propose a Solana ETF in June, and other issuers have since followed suit. Bloomberg analysts see a 70% chance of approval for such a product. The regulatory uncertainty surrounding the SOL token, which has been referred to as a security in SEC lawsuits, remains a significant obstacle. Despite the recent SEC acknowledgment, the SOL price is currently down 3.1%.



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