The race for a Solana (SOL) spot ETF in the US is heating up. Cointelegraph reported that seven institutions seeking to launch these ETFs submitted crucial S-1 securities registration statements to the Securities and Exchange Commission (SEC) on July 13th. This marks a significant step forward in potentially offering investors a regulated way to gain exposure to SOL. However, Bloomberg analyst James Seyffart cautions against expecting a quick approval. He emphasizes that the SEC needs time to engage with issuers, refine details, and address critical issues. A key sticking point is staking. Seyffart notes that all current applications include provisions for staking SOL within the ETF. This means the SEC must first determine whether it will allow staking activities within this investment product. The final approval of the SOL ETF hinges on the SEC's decision regarding staking. ```

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