The SEC is urging Solana ETF issuers to revise and resubmit S-1 filings by the end of July to expedite approvals before an October deadline.
This move follows the recent launch of the REX-Osprey SOL and Staking ETF under a 1940 Act loophole, prompting regulators to speed up reviews to maintain market fairness.
With Solana gaining popularity among institutional investors, there is speculation that SOL could rival or exceed Ethereum in institutional adoption for corporate treasuries.
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