VanEck's on-chain economy ETF has received approval from the SEC, allowing it to launch on May 14. This marks a significant step for cryptocurrency investment products as regulatory acceptance continues to grow in the market.

Franklin Templeton, Galaxy Digital, Grayscale, VanEck, and Fidelity have submitted updated S-1 filings for spot Solana ETFs, suggesting the SEC may be closer to approving these products. The SEC's request for amendments indicates a potential timeline of two to four months for approval, with a focus on in-kind redemptions and staking strategies.