Key dealers
- SEC urges Solana ETF issuers to refill applications at the end of July, which indicates possible quickly track approval before October.
- If approved, Spot Solana ETF would join Bitcoin and Ether ETF as the only approved Spot Crypto funds in the US market.
Wall Street’s top regulator, SEC, encourages applicants for Spot Solana ETFs to change their applications at the end Report From Coindesk, with reference to people who are familiar with the matter.
SEC’s driving force for accelerated refill follows the approval of Rex-Osprey Sol Staking ETF (SSK), which started shopping last week and was also the first US-listed Solana Investment product that incorporated.
Blockworks reported last month that SEC accelerated the review process for Spot Solana ETFs by requesting changed S-1 forms and Signaling opening unit to make features In ETFS. Companies such as Grayscale, Vaneck, 21Shares, Canary Capital, Bitwise and Franklin Templeton are among those seeking approval.
Soana may be prepared to join Bitcoin and Ethereum as the next crypto access approved for a place ETF in the United States.
ETF experts at Bloomberg predict that Solana, Litecoin and XRP-based funds have one 95% risk of approval This year.
