Dwelling » Laws » SEC pushes Solana ETF issuers to refile by finish of July, alerts like a flash-music approval direction
Jul. 7, 2025
After Bitcoin and Ethereum, Solana would possibly well additionally very effectively be the next digital asset to ranking recognition of a repute ETF in the US.
Photograph: AI/ Crypto Briefing
Key Takeaways
- The SEC is urging Solana ETF issuers to refile purposes by the finish of July, indicating conceivable like a flash-music approval sooner than October.
- If well-liked, repute Solana ETFs would join Bitcoin and Ether ETFs because the single well-liked repute crypto funds in the US market.
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Wall Facet motorway’s high regulator, the SEC, is urging candidates for repute Solana ETFs to amend their filings by month’s finish, signaling a doable green gentle sooner than the October 10 closing date, in response to a fresh list from CoinDesk, citing of us conversant in the subject.
The SEC’s push for expedited refiling follows the approval of the REX-Osprey SOL Staking ETF (SSK), which started trading final week and was additionally the first US-listed Solana investment product to incorporate staking.
Blockworks reported final month that the SEC expedited the evaluation direction of for repute Solana ETFs by asking for amended S-1 kinds and signaling openness to staking capabilities in the ETFs. Companies corresponding to Grayscale, VanEck, 21Shares, Canary Capital, Bitwise, and Franklin Templeton are amongst those seeking approval.
Solana would possibly be poised to enroll in Bitcoin and Ethereum because the next crypto asset well-liked for a repute ETF in the US.
ETF experts at Bloomberg predict that Solana, Litecoin, and XRP-primarily based mostly funds be pleased a 95% probability of approval this Twelve months.
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