SEC Sets July Deadline for Solana (SOL) ETF Refilings, Clearing Path for Pre-October Approval

The way to the scoring solana

Fund traded on the stock exchange (ETF) It could be much shorter than expected.

The Securities and Stock Exchange Commission asked potential issuers to respond to the comments by the end of July and the S-1 documents re-launched, said two people who introduced this to this matter.

Technically, SEC must approve or reject such a fund by October 10, but it seems that it wants to speed up and approve one or more funds before that deadline, one of the individuals said.

The reason could be the recent approval of Rex-Abrey Sol and Stakes ETF (SSK) which committee had no choice but to be green because it falls under the 1940 Investment Company Act, and therefore automatic approval has been received if SEC is not stopped.

SSK Started trading last weekIt becomes the first fund to download Solana on the market, which gives it the advantage of the first Taha over the potential remaining ETF Solana. This is something that SEC has previously tried to prevent and has approved several Ether spots

and Bitcoin ETF simultaneously.

“I think SEC has some pressure to approval these faster than waiting until October, especially with Rex shares a product that was approved last week,” said one person who was with this matter.

In June, the Commission asked issuers to change their S-1 administration on the required ETF Solana and to include language for potential curse and creations, as well as standing, which was the first official SEC communication concerning these potential products.

Spot Solana ETF would be the third type of Funds Spot Krypto on the US market after approval of Spot Ether and Bitcoin funds. Other outstanding applications include XRP price monitoring funds

Dogecoin and Litecoin, among other things.