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Highlights
- SEC urges Solana ETF issuers to update S-1 forms, including in-kind redemptions and staking features.
- Solana ETFs may gain approval within 3-5 weeks, with staking now included in filings.
- Canary Capital’s Marinade Solana ETF adds staking, offering rewards for Solana ETF investors.
The U.S. Securities and Exchange Commission (SEC) has recently asked issuers of Solana Exchange-Traded Funds (ETFs) to submit amended S-1 forms. These updated forms are expected to accelerate the approval process for SOL ETFs, potentially within the next three to five weeks. This move signals that the SEC may take a more proactive stance in approving these products earlier than originally anticipated.
US SEC Requests Amendments to Solana ETF S-1 Forms
The SEC’s request for amended S-1 forms comes as a part of its review process for Solana ETFs. Bloomberg’s analysis by Seyffart shows that SEC could give the go-ahead to Solana ETFs by July 2025, but a final decision might have to wait until the end of the year. Because the SEC is concentrating on 19b-4 filings for Solana and staking ETFs, there is a greater chance they might go through the approval faster.
If SOL ETFs are approved, it may inspire movement in the altcoin market, causing many people to expect more cryptos to replicate Solana’s progress.
This amendment process has led some experts to believe that the SEC may be prioritizing the approval of SOL ETFs in the coming weeks. James Seyffart, a Bloomberg Intelligence analyst, noted that the SEC’s actions suggest a shift toward approving SOL and staking ETFs earlier than previously planned.
Staking Could Be Part of Solana ETF Offerings
Among the important advancements is having staking available in Solana ETFs. The SEC is demonstrating a willingness to allow staking in these cryptocurrency products, meaning investors can possibly earn rewards. This matters a lot since staking now plays a crucial role in the Solana blockchain ecosystem.
A staking provider called Marinade Finance is going to play a key role in achieving this integration. The company has been chosen as the only staking provider for the Canary Marinade SOL ETF, the first Solana ETF in the U.S. to use staking.
This decision by the SEC indicates that they are reconsidering their position on crypto-related financial products. This confirms that the SEC is now taking a flexible approach to regulating the blockchain industry.
SOL ETF Timeline and Potential Approval
Experts in the industry are monitoring SOL ETFs, as getting them approved would mean a major step for the cryptocurrency industry. Although Bitcoin ETFs have received wide attention and support, SOL ETFs would be the first to provide institutional investors a secure way to gain exposure to Solana.
Bloomberg’s analysis by Seyffart shows that SEC could give the go-ahead to SOL ETFs by July 2025, but a final decision might have to wait until the end of the year. Because the SEC is concentrating on 19b-4 filings for Solana and staking ETFs, there is a greater chance they might go through the approval faster.
If SOL ETFs are approved, it may inspire movement in the altcoin market, causing many people to expect more cryptos to replicate Solana’s progress.
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