$SOL
After Bitcoin and Ethereum, Solana could be the next digital asset to win approval for a spot ETF in the US.
Wall Street’s top regulator, the SEC, is urging applicants for spot Solana ETFs to amend their filings by month’s end, signaling a potential green light ahead of the October 10 deadline, according to a new report from CoinDesk, citing people familiar with the matter.
The SEC’s push for expedited refiling follows the approval of the REX-Osprey SOL Staking ETF (SSK), which began trading last week and was also the first US-listed Solana investment product to incorporate staking.
Blockworks reported last month that the SEC expedited the review process for spot Solana ETFs by requesting amended S-1 forms and signaling openness to staking features in the ETFs. Companies such as Grayscale, VanEck, 21Shares, Canary Capital, Bitwise, and Franklin Templeton are among those seeking approval.
Solana $SOL may be poised to join Bitcoin and Ethereum as the next crypto asset approved for a spot ETF in the US.