According to Blockworks, the U.S. Securities and Exchange Commission (SEC) has requested that potential issuers of the Solana spot ETF submit updated S-1 documents within a week and will provide feedback within 30 days. The updates involve terms related to physical redemption and staking mechanisms. An insider indicated that these changes could make the Solana ETF likely to be approved within three to five weeks, possibly as early as July.

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