The SEC has requested Solana ETF issuers to submit amended S-1 forms within the next week.
The SEC intends to provide comments on the amended S-1 filings within 30 days of submission, focusing on 'in-kind redemptions' and 'staking' language updates.
Sources suggest that the SEC is open to including staking in Solana ETF structures, potentially expediting approval within three to five weeks.
Bloomberg Intelligence's James Seyffart anticipates Solana ETF approval as early as July, with the SEC possibly prioritizing 19b-4 filings for Solana and staking ETFs ahead of schedule.