👉SOL Spot ETF Three Core Highlights Analysis:
1. SEC Review Enters Substantial Phase, Canadian Model Becomes Important Reference
The U.S. SEC has requested issuers to submit revised application documents next week, marking the official entry of the SOL Spot ETF into the substantial review period, significantly increasing the probability of approval, but uncertainties remain.
Canada has taken the lead in launching SOL ETFs that support staking, and its compliance framework provides a direct reference for the U.S. version, highlighting the feasibility of staking mechanisms in the compliance pathway.
2. SEC Review Focuses on Two Core Mechanisms
Physical Redemption Clause Update: Requires clear details on the physical exchange of ETF shares with underlying assets to ensure transparency in the redemption mechanism;
Staking Mechanism Handling Proposal: The SEC has a positive attitude towards incorporating staking into ETFs, and future products may achieve dual returns of price appreciation + staking rewards, enhancing the attractiveness of capital allocation.
Core Signal: Regulatory recognition of the staking economic model opens up imaginative space for the integration of DeFi and traditional financial tools.
3. Short-Term Market Reaction and Potential Space
Driven by ETF expectations, the SOL price rebounded from $100 to $165, a short-term increase of 65%;
If the SEC approves smoothly, the $200 mark will become a key resistance level, but before the rollout, market volatility may increase due to news fluctuations.
