Several institutions have submitted applications for the Solana Spot Exchange-Traded Fund (ETF) to the Securities Exchange Commission (SEC), and the SEC has confirmed receipt and acceptance of the relevant documents. The Cboe BZX exchange has filed a proposed rule change form to support the listing and trading of the Solana Spot ETF issued by 21Shares, Bitwise, Canary Capital and VanEck after their applications for the Solana ETF were rejected. Bloomberg ETF analysts James Seyffart and Eric Balchunas said on Monday that they see a 70 percent chance that the SEC will approve the Solana ETF. Franklin Templeton also appears poised to join the Solana ETF race, with the company filing documents in Delaware on Tuesday to register the Franklin Solana Trust.