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The SEC has reportedly asked Solana ETF sponsors to amend their S-1 filings within a week, signaling a potential fast-track approval process. Regulators appear open to limited staking within the ETF structure, with a decision possible in 3-5 weeks. Analysts suggest altcoin ETFs, including Solana, could see approval as early as July.
- SEC requests amended S-1 filings from Solana ETF sponsors, focusing on staking and redemption clarity.
- Analysts suggest potential approval by July, accelerated by REX Shares' 'C-Corp' filing format.
- Major TradFi firms like Fidelity and Grayscale compete for Solana ETF approval, with Grayscale seeking a trust conversion.
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