$SOL The U.S. Securities and Exchange Commission (SEC) is actively reviewing spot Solana (SOL) exchange-traded fund (ETF) applications, with significant updates as of July 9, 2025. Here's a concise overview based on the latest information:

Solana ETF Progress: The SEC has set a deadline for issuers to refile amended S-1 documents by the end of July, signaling a potential fast-track approval process before the final deadline of October 10, 2025. This follows the automatic approval of the REX-Osprey SOL and Staking ETF (SSK) on July 2, 2025, which operates under the Investment Company Act of 1940 and saw $12 million in net inflows on its first trading day.