- SEC calls on the potential issuers of SOL-ETFs to improve their applications within a week.
- The Solana course rose by 4%, since the applicants regarded the additional requirement as the fundamental approval of the authority.
The US stock exchange supervision SEC has requested updated applications from the potential issuers of SOL-ETFs within a week. According to a tweet from Dogen News, The SEC, check the changed applications and take a position within 30 days.
This step follows earlier delays, but could now indicate an accelerated approval. In any case, the course of Sol rose by 4% after this message and reached $ 164.
SEC makes further editions for SOL-ETFs
The Sec has companies that ETFs On Solana Spot Fund (SOL)want to put on, formally Requested to revise and re-submit your S-1 registration declarations within a week.
The updates must clarify material withdrawals and provide information on staking, which is connected to the Proof-of-Stake protocol from Solana.
NEW: “THE SEC HAS ASKED PROSPECTIVE SOLANA ETF ISSUERS TO SUBMIT AMENDED S-1 FORMS WITHIN THE NEXT WEEK, PER 3 SOURCES. THE AGENCY WILL THEN COMMENT ON THE FILINGS WITHIN 30 DAYS” – PER BLOCKWORKS’ @Whosknave pic.twitter.com/f0rRuAEObx
— DEGEN NEWS (@DegenerateNews) June 10, 2025
The authority will react to the newly submitted documents within 30 days. While the official examination period runs until October 2025, informed circles already see the approval in July. The analysts of Bloomberg, including Eric Balchunas and James Seyffart, have The chances of a permit increase to 90% and say a market launch within three to five weeks.
There seems to be a positive change in the attitude of the SEC to stacking, which caused the issuers of Ethereum ETFs to remove certain formulations from their applications. Staking would enable investors to receive premiums for network validation, but also raises new questions regarding custody, slashing and tax liability.
Competition of the asset managers is great – schedule for July will be exciting
Several asset managers, including Vaneck, 21shares, Grayscale, Bitwise, Canary Capital, Franklin Templeton and Fidelity, have Applications for admission of Solana ETFs placed . Coinshares submitted a Solana ETF in Delaware.
According to Seyffart, the ongoing collaboration between these issuers and the Task Force specializing in cryptocurrencies will help clarify open questions and complete the product structures.
According to reports, Rex-Osprey is trying to find legal circumvention options in order to speed up his ETF. Bloomberg noted that Solana and XRP Futures-based ETFs already have, which historically makes approval for spot ETFs easier. The recent delays of Grayscale, Franklin Templeton And Fidelity were procedural.
Eric Balchunas explained that Solana could lead an “Altcoin ETF summer” alongside potential market launches for XRP and others. He pointed out the probability of a north of Spot ETFs, which included Bitcoin, Ethereum, Solana and XRP until July. He added that a Solana ETF, even if the interest is not as great as with Bitcoin ETFs, “will be lucky enough to get a whole billion”.
Sol course increases
The SOL course reacted immediately to the news and jumped up by almost 4% from $ 158 to $ 164. TradingView data show that Sol broke his 50-day SMA, the resistance is $ 163.
Analysts believe that if Sol overcomes the upper limitation of its descending channel, the 200-day SMA can test and reach $ 183. On the downward side, potential support is seen at $ 142.
Shares related to Defi also reacted positively. The shares of the Defi Development Corp. rose by $ 27%, while SOL Strategies According to the Nasdaq on June 11, 8.4%. The reaction of the market illustrates the increasing interest of investors in regulated access to Solana via ETF products.
The request of the SEC to present the staking structures in more detail also underlines the wider regulatory effects. If the authority ETFs with staking bonuses approved this could create an unofficial precedent for future crypto ETFs that contain return-generating mechanisms.
Industry representatives emphasize that such products need robust framework conditions to tackle risks such as slashing and custody guarantees. Blockworks reports that the SEC asked the issuers to explain in detail how investors can redeem their funds in cryptocurrencies. The willingness of the authority to deal with the deployment and taking back methods shows that the regulatory authorities are increasingly focusing on adapting ETF products to the technical peculiarities of Proof-of-Stake Assets.
Analysts assume that Solana ETFs could come onto the market at the end of June or early July, i.e. before the much longer legal period in October.
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