🟡 SEC Accelerates the Approval Process for Solana ETF – Sol To The Moon?
Quick Summary:
The U.S. Securities and Exchange Commission (SEC) has just requested organizations filing ETF applications related to Solana (SOL) to update and resubmit their S-1 filings by the end of July. Although the official processing deadline is in October, increasing pressure could lead to an earlier completion.
Highlights:
✅ The SSK ETF (REX-Osprey SOL & Staking ETF) was unexpectedly listed due to a legal loophole under the Investment Companies Act of 1940 — this has caused the SEC to be “one step behind” and forced to take urgent action to maintain fairness among ETFs.
✅ Institutional interest is pouring into Solana, as Cantor Fitzgerald reports that many companies are considering adding SOL to their treasury and even believe that Solana could surpass Ethereum in the long term.
✅ The SEC is also under pressure from the community as they recently paused Grayscale's basket asset ETF due to containing XRP and ADA – two assets that do not yet have independent ETFs.
Why is this important?
If the Solana ETF is approved quickly, it will be an extremely positive factor for the price of SOL, helping to bolster its position against Ethereum.
The market expects ETF competition to increase diversity and attract institutional capital into crypto.
📌 Conclusion: The SEC's unexpectedly swift action, combined with push from institutional investors → Solana ETF could become a strong catalyst for the next price surge of SOL. Are you prepared?
