đSpot Solana ETF: 90% Odds & SEC Greenlight Hints.
đThe SEC just asked Solana ETF issuers to update their S-1 filings by June, per Blockworks.
đThey want clarity on in-kind redemptionsâaka how shares are swapped for SOL.
đȘSurprisingly bullish twist: the SECâs reportedly open to staking being part of the ETF. đ
đ Updated filings get feedback within 30 days, but donât expect a final nod before late June or early July.
đźBloombergâs James Seyffart puts the odds at 90%, eyeing early Q4 2025 for actual approval.
Solana ETFs might not be moon-ready yet⊠but liftoff is definitely on the launchpad.