SEC Seeks Amended Filings, Puts Spot Solana ETFs on 3–5-Week Approval Path

The U.S. Securities and Exchange Commission has asked prospective issuers of spot Solana exchange-traded funds to file amended S-1 registration statements within the next week, according to Blockworks, which cited three people familiar with the matter.

Regulators plan to review the revised documents and deliver comments within 30 days, a timetable that could allow the SEC to sign off on as many as five Solana ETFs in roughly three to five weeks, the outlet reported. The agency’s requested changes focus on clarifying language around in-kind redemptions and how staking of Solana tokens would be handled within the funds.

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