Summary
- Blockworks reported that the U.S. Securities and Exchange Commission (SEC) may approve a spot Solana (SOL) ETF within 3–5 weeks.
- The SEC requested spot SOL ETF issuers to submit revised registration statements (S-1) by next week, stating that feedback will be provided within 30 days after submission.
- The media outlet noted that the SEC showed intent to expedite the process through communication with issuers, and that some expect trading could begin as early as this summer.
On the 10th (local time), Blockworks, a media outlet specializing in virtual assets (cryptocurrencies), reported citing multiple sources that the U.S. Securities and Exchange Commission (SEC) may approve a spot Solana (SOL) ETF as early as within 3–5 weeks.
According to the outlet, the SEC recently asked spot SOL ETF issuers to submit their revised registration statements (S-1) by next week, and stated that it will provide feedback within 30 days after submission.
The outlet added, "The SEC appears to have shown intent to expedite the process through communication with the issuers," and "approval is likely within several months, and some expect trading could begin as early as this summer."
JH Kim
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