The U.S. SEC requires potential Solana ETF issuers to update their S-1 application documents, with the earliest possible approval in July.
TechFlowJun 11, 2025According to TechFlow, on June 11, Blockworks reported that the U.S. Securities and Exchange Commission (SEC) has requested potential Solana ETF issuers to submit a revised S-1 form within the next week. The SEC stated it will provide feedback on the S-1 form within 30 days after submission.
Sources revealed that the SEC requires issuers to update the language regarding physical redemption and how staking is handled. The regulator appears to be open to including staking as part of the Solana ETF. One source estimated that these updates could enable the Solana ETF to be approved within the next three to five weeks, possibly as early as July.
The U.S. SEC requires potential Solana ETF issuers to update their S-1 application documents, with the earliest possible approval in July.
TechFlowJun 11, 2025According to TechFlow, on June 11, Blockworks reported that the U.S. Securities and Exchange Commission (SEC) has requested potential Solana ETF issuers to submit a revised S-1 form within the next week. The SEC stated it will provide feedback on the S-1 form within 30 days after submission.
Sources revealed that the SEC requires issuers to update the language regarding physical redemption and how staking is handled. The regulator appears to be open to including staking as part of the Solana ETF. One source estimated that these updates could enable the Solana ETF to be approved within the next three to five weeks, possibly as early as July.
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