The U.S. Securities and Exchange Commission (SEC) has taken a key step toward advancing Solana-based spot ETF applications.
According to reports, the agency has requested that filing companies revise language related to in-kind redemptions and staking processes—potentially accelerating the approval timeline.
Following the approval of Bitcoin and Ethereum ETFs, applications for altcoin-based funds, including Solana, have increased. Bloomberg analysts suggest that Solana ETFs could be approved within the next few months, with some speculating that a launch as early as July is possible. In response to the news, Solana's price surged nearly 4%, signaling strong market interest.
