The U.S. Securities and Exchange Commission (SEC) has requested the issuer planning to launch a spot Solana (SOL) ETF to submit a revised S-1 filing within one week. According to Blockworks, sources expect these updates could lead to the Solana ETF being approved within 3 to 5 weeks. Additionally, the SEC appears to be open to proposals that include staking mechanisms.

BlockBeats News, on June 11, according to a report by Blockworks, the U.S. Securities and Exchange Commission (SEC) has requested the issuers of the proposed spot Solana ETF to submit an amended S-1 filing within the next week. A source estimates that these updates could lead to the approval of the Solana ETF within 3 to 5 weeks. It was also mentioned that the SEC appears to be open to proposals that include staking mechanisms.

The U.S. SEC requests revisions to Solana spot ETF application, expected approval within 3 to 5 weeks

The U.S. SEC requests revisions to Solana spot ETF application, expected approval within 3 to 5 weeks