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

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]