SOL Spot ETF, Possibility Of Faster Approval Than Expected…SEC, Request For Revised Version By End Of July

Speculation has arisen that Solana (SOL) Spot ETF could undergo approval procedures at a pace exceeding market expectations. On the 7th (local time), CoinDesk reported that the U.S. Securities and Exchange Commission (SEC) is requiring issuers to submit revised applications by the end of July, which could advance the official approval timing.

According to stakeholders, although the official review deadline is October 10th, the SEC is showing signs of intending to approve one or more ETFs early. This analysis is not unrelated to the recent case of the ‘REX-Osprey SOL Staking ETF (SSK)’ being automatically approved under the Investment Company Act of 1940.

SSK, the first Solana Staking ETF to already start trading, utilized legal loopholes to bypass existing regulations and secure a market presence. This has formed a structure within the SEC that necessarily expedites the review of Solana ETF-related matters.

In the industry, this is being accepted as a signal of the official start of the major Altcoin Spot ETF era, following Bitcoin and Ethereum. In particular, expectations are growing that SOL ETF might also benefit from changes in political and regulatory environments, coinciding with former President Trump's pro-cryptocurrency policy stance.