Solana ETF in Sight as SEC Moves Toward Broader Crypto ETF Framework

A universal crypto ETF structure from the SEC might allow issuers to sidestep listing criteria.

Before July 31, regulators want Solana ETF applicants to revise and resubmit.

The action indicates SEC interest but does not assure Solana ETF registration approval.

Monday reports claim the Securities & Exchange Commission (SEC) will announce new listing rules for crypto ETF issuers. Regulators requested prospective Solana (SOL) ETF issuers to revise and resubmit their papers by July 31.

SEC wants crypto product listing guidelines amid Solana ETF resubmissions

To speed up the filing of over 50 crypto-related ETFs with the SEC, officials are drafting a universal listing standard. The SEC's new crypto ETF listing guidelines clarifies NAV calculation, custody rules, and benchmark selection.

"We anticipate that by the end of September, the SEC will roll out universal listing procedures for spot crypto ETFs in partnership with national stock exchanges," CF Benchmarks analysts stated Friday.

According to Reuters, the government wants to establish a common listing template to reduce the need for exchanges to submit separate requests to list new crypto products.

The move simplifies spot crypto ETF approval and reduces delays. The SEC may approve crypto ETF registrations in 75 days under the new guidelines, down from 240 days.

The framework is intended to require tokens to fulfill exchange listing and liquidity requirements. After last week's claims that the SEC may draft listing requirements for token-based ETFs that enable issuers to circumvent the 19b-4 filing, similar news has appeared again.

According to CoinDesk, sources say the SEC told prospective Solana ETF issuers to revise and resubmit their papers by July 31. This matches reports from last month that the Commission demanded issuers revise their S-1s to change in-kind redemption wording and clarify their staking strategy.

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