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The US SEC urges issuers to revise and resubmit their Spot Solana ETF applications by the end of July.
[The US SEC urges issuers to revise and resubmit Spot Solana ETF applications by the end of July] The U.S. Securities and Exchange Commission (SEC) is urging issuers to revise and resubmit their Spot Solana ETF applications before the end of July, indicating that the approval process may be faster than expected. Previously, the REX-Osprey SOL and Staking ETF received automatic approval and began trading last week under different regulatory rules, meaning that the Spot Solana ETF will join Bitcoin and Ether as the only approved Spot Crypto Assets fund in the U.S., while applications for XRP, DOGE, and Litecoin are still pending review.