According to sources cited by Blockworks, the U.S. SEC has requested that institutions planning to issue a Solana spot ETF submit updated S-1 documents within a week and will provide feedback within 30 days. The updates include descriptions of physical redemption and staking mechanisms, with the SEC showing an open attitude towards incorporating staking into the ETF structure. One source stated that this could lead to Solana ETF approval in 3 to 5 weeks, potentially as early as July.
SEC requires Solana ETF applicants to update S-1 filings, approval may come as early as July
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