#SECETFApproval ❗️The SEC has set a deadline for submitting amended S-1 forms

🤔 The Commission has established a deadline by the end of July for the resubmission of amended S-1 forms regarding Solana-based ETFs.

➡️ The regulator has enough time to approve exchange-traded funds — until October of this year, but it may approve the first funds even before the specified deadline. An anonymous journalistic source notes that the Commission is striving to ensure a "smooth process" amid pressure from market participants.

✔️ One of the reasons for accelerating the process is also attributed to the recent approval of the Solana-ETF by REX Shares and Osprey Funds.