$SOL SEC Cryptocurrency ETF Approval Progress Analysis (July 9, 2025)

Approval Framework Accelerates:

The US SEC is developing a unified listing standard aimed at simplifying the process, reducing the approval time from 240 days to 75 days. The new framework allows compliant issuers to skip the 19b-4 process and directly submit S-1 documents, potentially taking effect as early as September.

SOL ETF May Become the Focus:

The SEC requires Solana ETF applicants to amend their documents by the end of July, which may expedite the approval process. Analysts predict a 95% approval probability for ETFs of altcoins like SOL and XRP, which may become the third type of spot cryptocurrency fund after Bitcoin and Ethereum.