On June 11, the U.S. Securities and Exchange Commission (SEC) sent notifications to multiple institutions planning to issue a Solana spot ETF, requiring them to resubmit revised S-1 documents within 7 days, focusing on rewording the "physical redemption mechanism" and "staking terms".
This move was seen by the market as a clear signal of a shift in regulatory attitude, quickly igniting bullish sentiment. SOL's price subsequently rose, breaking through $165 in the short term, with a single-day increase reaching up to 5%.
Market sentiment quickly heated up, with investors betting that Solana might become the third crypto asset to be included in a mainstream financial spot ETF after BTC and ETH. As the ETF trading structure gradually becomes clearer and regulatory signals warm up, investors' focus has shifted from "whether it can pass" to "when it will pass" and "who will launch it".
[Rest of the translation follows the same professional and precise approach, maintaining the specific crypto terminology translations as instructed]
- Can the ETF structure design solve the staking issue and truly achieve the dual goals of "on-chain yield + regulatory transparency";
- Can the on-chain ecosystem accommodate new incremental traffic and transaction demands, and build a stable "capital + application" closed loop.
At the intersection of crypto assets moving towards compliance and mainstream finance, the Solana ETF is not just a product, but a collective stress test for public chain competition, PoS consensus mechanisms, and DeFi applications.
