Summary
- The U.S. Securities and Exchange Commission (SEC) reportedly required Solana (SOL) spot ETF applications to be submitted by the end of July.
- According to multiple sources, there is speculation that approval for the Solana spot ETF could be moved up earlier than originally anticipated.
- It was reported that REX-Osprey’s Solana Staking ETF (SSK) received automatic approval and began trading for the first time, attracting market attention.
According to CoinDesk, a media outlet specializing in crypto assets (cryptocurrency), the U.S. Securities and Exchange Commission (SEC) has reportedly required issuers of Solana (SOL) spot Exchange-Traded Funds (ETF) to submit amended applications by the end of July.
As a result, there is speculation that the approval of Solana spot ETFs could happen earlier than initially anticipated.
An anonymous source stated, "Although the current review deadline is scheduled for October 10, there is a sense that the SEC aims to approve one or more Solana spot ETFs much earlier."
This outlook is underpinned by the fact that REX-Osprey's Solana Staking ETF (Ticker: SSK) was automatically approved recently under the Investment Company Act of 1940.
SSK began trading last week and was recorded as the first Solana Staking ETF to launch on the market.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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