The American SEC has asked the SPOT Solana ETF issuers (Stock Exchange Fund) to update their S-1 documents by June, BlockWorks reported, citing anonymous sources.
In particular, the SEC has asked potential transmitters to clarify the redemption procedures in kind. The regulator would be open to authorization to mark out in the context of these products.
In addition, the sources noted that the agency will comment on the deposits updated within 30 days of their submission.
Solana ETF has a 90% chance of approval
Although it is not yet clear when Spot Solana ETF is approved, Bloomberg’s main analyst James Seyffart believes that he would be “more likely” at the beginning of the fourth quarter of 2025.
“Delays on the Crypto-Spot FNB are expected,” he wrote on X. “If we will see the first approvals of the dry on one of these assets-I would not expect to see them before the end of June or early July at the earliest.”
Analyst Seyffart also predicted that the chances of approvals Altcoin ETF in 2025 are 90% for Solana and Litecoin. While XRP follows by 85%, other altcoins, including Dogecoin and Hbar, have 80% of approval this year.
Companies that filed S-1 include Grayscale, Vaneck, 21Shares, Canary Capital, Bitwise, Franklin Templeton and Fidelity.
Interestingly, Seyffart believes that the dry considers these altcoins as basic products, a positive perspective for their approval prospects in relation to titles.
Sol closely follows the Bitcoin and ETF ETF plans
Grayscale plans to follow the plan he used for his Bitcoin and Ethereum products, aimed at converting his existing Trust soil into a Spot ETF.
In February, the SEC officially recognized the proposal of Solana ETF of Spot ETF of Grycalecale. However, in May, the agency delayed its decision, declaring that it had not drawn conclusions.
Last month, the SEC postponed its decision on the Sol ETF proposals of Bitwise and 21Shares. The agency noted that it needed additional time to sort technical details, legal issues and investor protection problems.
Meanwhile, the Brazil regulator gave the green light for the very first ETF Solana in August 2024. Later, the country also approved a second ETF Solara Spot offered by the Hashdex active manager.
Solana’s post-and-andF approval next month? Dry asks the issuers to deposit S-1 in mid-June, it appeared first on Cryptonews.
