# Delay in Approval of Solana ETF:
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🛑 Summary of the Delay
S‑1 Updates Required
Just like with the Bitcoin ETF, the Securities and Exchange Commission (SEC) has asked companies like Fidelity, Bitwise, VanEck, and others to submit comprehensive amendments to their S‑1 forms by the end of July, including subscription mechanisms, "in-kind" redemptions, and "staking" options.
Compressed Deadlines
While the official deadline for the SEC's decision is October 10, 2025, the SEC requested submissions by July 31 with a response record within 21 days and counter-responses within 35 days.
Market Pressures and Policies
Accelerating this process follows the unexpected approval of the Sol + Staking ETF (SSK) that launched on July 2 under the 1940 Act, providing a regulatory boost and putting pressure on the SEC to move quickly.
Warning to Progress
The SEC is paving the way for a unified framework that allows for the introduction of such products without the need for separate notices, which may shorten the processing time to about 75 days instead of the previous 240 days.
