SEC Accelerates Spot Solana ETF Timeline as July Deadline Looms

The U.S. Securities and Exchange Commission (SEC) is reportedly expediting the review process for spot Solana (SOL) exchange-traded funds, pushing issuers to submit amended S-1 filings by the end of July.

This marks a surprising shift in momentum for Solana-based ETFs, potentially paving the way for approval months ahead of the statutory October 10 deadline.

According to the information, sources familiar with the matter told CoinDesk that the SEC has asked applicants to respond to feedback and refile quickly—suggesting a willingness to fast-track the review process. If approved, these products would make Solana only the third cryptocurrency, after Bitcoin and Ethereum, to have a sanctioned spot ETF in the U.S. market.

The urgency appears to follow the unexpected launch of the REX-Osprey SOL and Staking ETF (SSK), which began trading last week. That fund, regulated under the Investment Company Act of 1940, was automatically approved without formal SEC objection—potentially pressuring the Commission to act more decisively on similar offerings under the Securities Act of 1933.

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The push comes amid rising institutional interest in Solana, driven by its high-performance blockchain and rapidly growing ecosystem. With applications for XRP, Dogecoin, and Litecoin ETFs still pending, Solana now appears to have a clearer regulatory path.

Analysts note that swift approval could significantly boost Solana’s price and adoption. The SSK fund’s early trading volume already placed it in the top percentile of ETF launches, showing robust investor appetite for SOL-based financial products.

If the current trajectory holds, investors may see the first U.S.-approved spot Solana ETFs hit the market well before autumn—potentially reshaping crypto fund access and broadening exposure to one of the top altcoins in the market.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.