The U.S. Securities and Exchange Commission (SEC) is urging issuers to revise and resubmit spot Solana ETF applications before the end of July, suggesting a faster-than-expected approval timeline. This comes after the REX-Osprey SOL and Staking ETF received automatic approval and began trading last week under different regulatory rules, meaning a spot Solana ETF would join Bitcoin and Ethereum as the only spot cryptocurrency funds approved in the U.S., while applications for XRP, Dogecoin, and Litecoin are still pending. (CoinDesk) [Odaily Planet Daily]

On July 8 (UTC+8), sources revealed that the U.S. SEC has requested issuers planning to launch spot Solana ETFs to respond to comments and submit revised S-1 filings by the end of July, potentially accelerating the approval process. Although the first final approval deadline is October 10, the SEC is facing pressure to simultaneously promote similar products after the REX-Osprey SOL and Staking ETF (SSK) was automatically approved under the Investment Company Act of 1940 and began trading last week. Spot Solana ETFs are expected to be approved before October, becoming the third type of spot crypto fund in the U.S. after Bitcoin and Ethereum. (Source: CoinDesk) [MetaEra]

SEC May Expedite Approval of Spot Solana ETF, Possibly Greenlighting Before October

The United States Securities and Exchange Commission has asked asset managers eyeing regulatory approval for spot Solana exchange-traded funds to file revised Forms S-1 before the end of July. That’s according to a report by crypto publication CoinDesk, which noted that the SEC has asked Solana (SOL) spot ETF issuers to re-submit the applications with the necessary amendments. Specifically, the regulator is looking to have the amended S-1 registration documents re-submitted in the next three weeks. According to sources, he SEC is eyeing the re-filed ETF applications to be in by the end of July. SOL, the native token of Solana, traded around $151 at the time of the news report.  Analysts have long noted that odds of the SEC giving the greenlight for Solana ETFs in 2025 is higher- Bloomberg’s Eric Balchunas and James Seyffart recently highlighted this prospect at over 95%. However, the final deadline for the agency to reject or approve crypto ETFs, including those linked to Litecoin, XRP, Dogecoin, and Cardano, is in October.  For Solana spot ETFs, filed by Canary, Grayscale, Franklin, Invesco, Fidelity, VanEck, Bitwise, 21Shares, and CoinShares, the key deadline is October 10, 2025.  The report that the regulator wants issuers to quickly refile the S-1s with key details such as staking and in-kind redemptions, suggests the market watchdog is eyeing an acceleration of the process. The SEC took an accelerated approach as it moved to issue spot Ethereum (ETH) ETFs in 2024. Recently, the regulator allowed for the listing and trading of the REX-Osprey SOL and Staking ETF. The fund, traded under the ticker SSK and the first-ever staking ETF in the U.S., saw about $33 million in volume and $12 million in inflows on its debut.   REX-Osprey SOL ETF’s application was structured under the Investment Company Act of 1940, which meant it benefited from automatic approval.   Bitwise filed the amended S-1s for its spot Dogecoin and Aptos ETFs in late June, a move that Balchunas said was a good sign, indicative of engagement from the SEC.

SEC asks for swift refiling of Solana spot ETF applications

The U.S. SEC has requested Solana spot ETF applicants to submit revised S-1 filings by the end of July, with content including physical creation and redemption and staking mechanisms. Although the first official approval deadline is October 10, sources say the SEC is under pressure to expedite approval and may approve one or more Solana ETFs before then. [CoinDesk]

SEC requires Solana ETF applicants to submit supplementary documents before the end of July, and approval may be granted before October.

On July 8 (UTC+8), MetaEra reported on July 7 that the U.S. Securities and Exchange Commission (SEC) has requested institutions planning to issue spot Solana ETFs to modify and resubmit their application documents by the end of July. According to sources, although the SEC can make a decision by October 10 at the latest, this move indicates that the approval process may be accelerated, potentially speeding up the final approval of the Solana ETF. Previously, the REX-Osprey SOL and Staking ETF was automatically approved and began trading last week due to the application of the 1940 Investment Company Act, becoming the first Solana staking fund. This has put pressure on the SEC to speed up the approval process. If approved, the Solana ETF would become the third type of spot cryptocurrency fund in the U.S. market, following Bitcoin and Ethereum. [MetaEra]

The US SEC requires Solana ETF applicants to resubmit documents by the end of July, potentially accelerating the approval process.

On July 7, CoinDesk reported that the U.S. Securities and Exchange Commission (SEC) is urging issuers to revise and resubmit their spot Solana ETF applications before the end of July, hinting at a faster-than-expected approval rate. Previously, the REX-Osprey SOL and Staking ETF had received automatic approval and began trading last week under different regulatory rules, meaning that a spot Solana ETF would join Bitcoin and Ethereum as the only spot cryptocurrency funds approved in the United States, while applications for XRP, Dogecoin, and Litecoin are still pending. [Deep Tide TechFlow]

The US SEC urges issuers to revise and resubmit spot Solana ETF applications before the end of July

On July 7, sources revealed that while the first final approval deadline for a spot Solana exchange-traded fund (ETF) is October 10, the U.S. Securities and Exchange Commission (SEC) is facing pressure to ensure the approval process goes smoothly. The SEC has requested issuers to modify and resubmit their spot Solana ETF applications by the end of July, suggesting that approval could come faster than expected. This move follows the automatic approval of the REX-Osprey SOL and Staking ETF, which began trading last week after receiving automatic approval under the Investment Company Act of 1940, which the SEC could not block. One source stated, "The SEC is under pressure to speed up the approval process rather than wait until the October deadline, especially given the approval of the REX Shares product last week." This reflects the SEC's potential shift in strategy to avoid a single product gaining too much of a first-mover advantage. [BlockBeats]

SEC sets July deadline, requiring Solana ETF applicants to resubmit filings

SEC sets July deadline, requires Solana ETF applicants to resubmit filings

July 7th, according to sources familiar with the matter, although the initial deadline for approval of the Spot Solana Exchange-Traded Fund (ETF) is October 10th, the U.S. Securities and Exchange Commission (SEC) is under pressure to ensure a smooth approval process. The SEC has requested the issuer to amend and resubmit the Spot Solana ETF application by the end of July, suggesting that the approval speed may be faster than expected. This move follows the automatic approval of the REX-Osprey SOL and Staking ETF, which began trading last week and received automatic approval under the 1940 Investment Company Act, which the SEC could not stop. A source familiar with the matter stated: "The SEC is under pressure to expedite the approval process, rather than wait until the October deadline, especially considering the approval of REX Shares products last week." This reflects that the SEC may be adjusting its strategy to avoid any single product gaining undue first-mover advantage. [BlockBeats News]

SEC Sets July Deadline, Requires Solana ETF Applicant to Resubmit Filing

According to CoinDesk, the U.S. Securities and Exchange Commission (SEC) has set a deadline of July for the resubmission of Solana ETF applications and is urging issuers to revise and resubmit their spot Solana ETF applications before the end of July, which may indicate a faster-than-expected approval speed. Previously, the REX-Osprey SOL and Staking ETF had received automatic approval and began trading last week under different regulatory rules. Currently, applications for XRP, Dogecoin, and Litecoin are still awaiting review. [Foresight News]

US SEC Sets July Deadline for Resubmission of Solana ETF

US SEC Urges Issuers to Revise and Resubmit Spot Solana ETF Applications by the End of July

The approval process for the spot Solana exchange-traded fund (ETF) may accelerate beyond expectations. The U.S. Securities and Exchange Commission (SEC) has asked potential issuers to resubmit revised S-1s by the end of July, responding to comments. Two sources close to the matter confirmed this development. While the SEC technically has until October 10 to approve or reject such a fund, the Commission is reportedly looking to speed up the process and approve one or more funds well before that date. One of the reasons behind this move is the REX-Osprey SOL and Staking ETF (SSK), which was automatically approved last week. Since the SSK fund is considered under the Investment Company Act of 1940, it is automatically approved unless the SEC intervenes. SSK, which started trading last week, became the first Solana staking fund on the market and gained a significant first-mover advantage over other potential Solana ETFs. The SEC previously approved spot Ethereum and Bitcoin ETFs simultaneously in order not to give an advantage to a single product in similar cases. “I think the SEC is feeling pressure to approve these ETFs sooner rather than later because of the Rex Shares product that was approved last week,” said a source familiar with the matter. The SEC sent its first official communication to potential issuers in June, instructing them to include language on staking and in-kind trading in their filings. This was the first step in signaling that the SEC had formally begun the process for Solana ETFs. With this development, a much earlier date for approval of the spot Solana ETFs, rather than October, is possible. All eyes are now on the new documents to be filed by the end of July and how the SEC will respond to these ETFs. *This is not investment advice.

Unexpected Developments in Solana Spot ETFs – Dates for Potential SEC Approval Begin to Clarify

美国证券交易委员会（SEC）正在敦促发行方在七月底之前修订并重新提交现货Solana ETF的申请，这暗示审批时间可能比预期更快。此前，REX-Osprey SOL和Staking ETF在不同的监管规则下自动获批并于上周开始交易，这意味着现货Solana ETF将与Bitcoin和Ethereum一道，成为美国获批的唯一现货加密货币基金，而XRP、Dogecoin和Litecoin的申请仍在等待中。（CoinDesk）[Odaily Planet Daily]

美国证券交易委员会敦促发行方在7月底前修改并重新提交现货Solana ETF的申请

美國證券交易委員會（SEC）正在敦促發行方在七月底之前修訂並重新提交現貨Solana ETF的申請，這暗示審批時間可能比預期更快。此前，REX-Osprey SOL和Staking ETF在不同的監管規則下自動獲批並於上週開始交易，這意味着現貨Solana ETF將與Bitcoin和Ethereum一道，成爲美國獲批的唯一現貨加密貨幣基金，而XRP、Dogecoin和Litecoin的申請仍在等待中。（CoinDesk）[Odaily Planet Daily]