#SECETFApproval

The Securities and Exchange Commission (SEC) is pressuring issuers to amend and resubmit applications for the Solana spot exchange-traded funds (ETFs) by the end of July, which indicates faster-than-expected approvals.

This move follows the automatic approval of the REX-Osprey SOL and Staking ETF, which began trading last week under different regulatory rules.

The Spot Solana ETFs will join Bitcoin and Ethereum as the only approved spot cryptocurrency funds in the United States, while applications for XRP, Dogecoin, and Litecoin remain pending.

The U.S. Securities and Exchange Commission (SEC) has set a deadline in July for the resubmission of Solana ETF applications, paving the way for approval before October.

The first final deadline for the Solana exchange-traded fund is set for October 10, but the SEC is under pressure to keep the approval process running smoothly, sources say.