US SEC Urges Issuers to Revise and Resubmit Spot Solana ETF Applications by End of July

Odaily Planet Daily reports that the U.S. Securities and Exchange Commission (SEC) is urging issuers to revise and resubmit their spot Solana ETF applications by the end of July, suggesting that approval may come sooner than expected. Previously, the REX-Osprey SOL and Staking ETFs received automatic approval and began trading last week under different regulatory rules. This means the spot Solana ETF is set to join Bitcoin and Ether as the only spot cryptocurrency funds approved in the U.S., while applications for XRP, Dogecoin, and Litecoin are still pending review. (CoinDesk)