Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
SEC Sets Late July Deadline, Requests Solana ETF Applicants to Resubmit Documents

SEC Sets Late July Deadline, Requests Solana ETF Applicants to Resubmit Documents

BlockBeats2025/07/07 16:52
SOL-0.78%REX-0.96%

BlockBeats News, July 7 — According to sources familiar with the matter, although the first final approval deadline for a spot Solana exchange-traded fund (ETF) is October 10, the U.S. Securities and Exchange Commission (SEC) is under pressure to ensure a smooth approval process.


The SEC has requested that issuers amend and resubmit their spot Solana ETF applications by the end of July, suggesting that the approval process may move faster than expected. This move comes right after the automatic approval of the REX-Osprey SOL and Staking ETF, which began trading last week. That fund received automatic approval under the Investment Company Act of 1940, which the SEC could not block.


One source stated, “The SEC is under pressure to accelerate the approval process rather than wait until the October deadline, especially considering that the REX Shares product was approved last week.” This reflects that the SEC may be adjusting its strategy to avoid giving a single product an outsized first-mover advantage.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Trending news

More
1
Overview of Key Overnight Developments on September 15
2
Native Markets Wins Hyperliquid Stablecoin USDH Token Name

Crypto prices

More
Bitcoin
Bitcoin
BTC
$115,285.35
-0.56%
Ethereum
Ethereum
ETH
$4,605.47
-1.24%
XRP
XRP
XRP
$3.03
-2.92%
Tether USDt
Tether USDt
USDT
$1
-0.00%
Solana
Solana
SOL
$240.34
-0.91%
BNB
BNB
BNB
$926.65
-0.69%
USDC
USDC
USDC
$0.9997
+0.01%
Dogecoin
Dogecoin
DOGE
$0.2781
-3.86%
TRON
TRON
TRX
$0.3484
-0.40%
Cardano
Cardano
ADA
$0.8880
-4.38%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter