The U.S. SEC requests potential Solana ETF issuers to submit revised S-1 filings
BlockBeatsJun 10, 2025BlockBeats news, on June 11, according to Blockworks citing three insiders, the U.S. Securities and Exchange Commission (SEC) has requested potential Solana ETF issuers to submit revised S-1 filings within the next week. Two of the insiders added that the SEC stated it would provide feedback within 30 days after the S-1 submission.The insiders revealed that the SEC requires issuers to update terms related to in-kind redemptions and how staking is handled, and noted that the SEC appears to be open to including staking in the Solana ETF. One insider estimated that these updates could enable the Solana ETF to be approved within three to five weeks. Bloomberg Intelligence analyst James Seyffart told Blockworks that he expects the Solana ETF could be approved this year, possibly as early as July.Seyffart wrote in a report this week: "We believe the SEC may process the 19b-4 filings for Solana and staking ETFs earlier than originally planned. Issuers and industry participants have likely been working with the SEC and its crypto team to develop relevant rules, but the final deadline for the SEC to make a decision on such applications is October this year at the latest."
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The U.S. SEC requests potential Solana ETF issuers to submit revised S-1 filings
BlockBeatsJun 10, 2025BlockBeats news, on June 11, according to Blockworks citing three insiders, the U.S. Securities and Exchange Commission (SEC) has requested potential Solana ETF issuers to submit revised S-1 filings within the next week. Two of the insiders added that the SEC stated it would provide feedback within 30 days after the S-1 submission.The insiders revealed that the SEC requires issuers to update terms related to in-kind redemptions and how staking is handled, and noted that the SEC appears to be open to including staking in the Solana ETF. One insider estimated that these updates could enable the Solana ETF to be approved within three to five weeks. Bloomberg Intelligence analyst James Seyffart told Blockworks that he expects the Solana ETF could be approved this year, possibly as early as July.Seyffart wrote in a report this week: "We believe the SEC may process the 19b-4 filings for Solana and staking ETFs earlier than originally planned. Issuers and industry participants have likely been working with the SEC and its crypto team to develop relevant rules, but the final deadline for the SEC to make a decision on such applications is October this year at the latest."
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