On June 11, the U.S. Securities and Exchange Commission (SEC) requested potential Solana ETF issuers to submit revised S-1 filings, with feedback expected within 30 days after submission. The SEC specifically focused on the physical redemption provisions and staking treatment, showing an open attitude towards incorporating staking into the Solana ETF. Analyst James Seyffart anticipates that the Solana ETF could be approved within this year, possibly as early as July. The SEC's final decision deadline is no later than October this year.

BlockBeats reports that on June 11, according to Blockworks citing three sources familiar with the matter, 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 sources added that the SEC indicated it would provide feedback within 30 days after the submission of the S-1 filings. Sources revealed that the SEC requested issuers to update terms related to in-kind redemptions and how staking would be handled, noting that the SEC seemingly showed an open attitude toward incorporating staking into the Solana ETF. One source estimated that these updates might lead to the approval of the Solana ETF 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 soon as July. Seyffart wrote in a report this week: "We believe the SEC may address the Solana and staking-related ETF 19b-4 filings sooner than originally anticipated. Issuers and industry participants have likely been working with the SEC and its crypto team to formulate related rules, but the SEC's ultimate deadline for ruling on such applications is no later than October this year."

The U.S. SEC requires Solana ETF issuers to submit revised S-1 filings, with approval expected within this year.

The U.S. SEC requires Solana ETF issuers to submit revised S-1 filings, with approval expected within this year.