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

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]