{"id":35737,"date":"2025-07-08T14:01:35","date_gmt":"2025-07-08T14:01:35","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=35737"},"modified":"2025-07-08T14:01:35","modified_gmt":"2025-07-08T14:01:35","slug":"spot-solana-etf-approval-poised-to-come-way-ahead-of-schedule","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=35737","title":{"rendered":"Spot Solana ETF Approval Poised To Come \u2018Way Ahead\u2019 Of Schedule"},"content":{"rendered":"
\n

The US Securities and Exchange Commission has told would-be Solana ETF sponsors to file fully amended registration statements by the end of this month, a demand that compresses a review timetable currently set to run until 10 October, the first statutory deadline for the applications.<\/p>\n

People involved in the dialogue say the Commission\u2019s trading-and-markets division has signalled it has no intention of waiting that long. \u201cI think that the SEC has some pressure to approve these quicker than waiting all the way to October, especially with that Rex Shares product that got approved last week,\u201d one person familiar with the talks told<\/a> CoinDesk.<\/p>\n

Solana Poised To Become 3rd Spot Crypto ETF<\/h2>\n

The \u201cpressure\u201d originates with the REX-Osprey <\/a>SOL + Staking ETF (ticker SSK). Organised under the Investment Company Act of 1940, SSK became effective automatically in the absence of an SEC objection and began trading on 2 July, gathering about $12 million on its first day. Its stealth debut gives it a first-mover advantage the agency has previously tried to neutralise by approving competing crypto funds simultaneously, as it did for spot bitcoin and ether ETFs.<\/p>\n

Meanwhile, the SEC is redrawing its broader rulebook for digital-asset ETPs. A 12-page guidance document issued last week outlines disclosure expectations for custody, staking rewards and market-manipulation safeguards; staff are now drafting a universal template meant to replace the bespoke Form 19b-4 waivers that have governed every prior spot-crypto ETF listing. \u201cThe SEC is looking for a general rule it can apply to all listings, and currently is going back and forth on precise wording with the exchanges,\u201d a senior executive involved in those talks said, adding that the template could cut approval windows to roughly seventy-five days.<\/p>\n

Analysts on X read the accelerating correspondence as constructive. \u201cMORE delays. Fidelity\u2019s Solana ETF filing was just delayed as expected. We\u2019re still waiting for some sort of movement from the SEC on a generalized digital asset ETP framework,\u201d Bloomberg Intelligence\u2019s James Seyffart wrote after one such procedural hold. Nate Geraci, president of ETF Store, echoed that view, noting that Reuters had confirmed the framework effort and cautioning that some issuers do not expect actual approvals \u201cuntil early fall.\u201d<\/p>\n

Even if the template is not finalised before September, lawyers stress nothing prevents the Commission from clearing a Solana fund under existing rules in August. In parallel with the paperwork revisions, staff are assessing whether Solana\u2019s market is \u201csufficiently resistant to manipulation\u201d and whether the CME\u2019s SOL futures provide an adequate surveillance substitute\u2014tests Bitcoin and Ether passed in 2024 and 2025, respectively.<\/p>\n

Six issuers\u2014VanEck, Fidelity, 21Shares, Ark\/21Co, Bitwise <\/a>and Hashdex\u2014have spot Solana proposals on file. An approval ahead of 10 October would make Solana only the third crypto asset with a US spot ETF and could set a precedent for pending XRP, Litecoin and Dogecoin filings.<\/p>\n

Market-makers are already bracing for a condensed launch calendar. If the agency signs off in late August, it can be expected that the products will list within days of each other; after the bitcoin experience, speed to market meant everything. Whether that starting gun fires weeks\u2014or months\u2014ahead of schedule now hinges on how quickly the SEC reconciles the twin pressures of policy consistency and competitive fairness in the wake of SSK\u2019s surprise head start.<\/p>\n

At press time, SOL traded at $148.93.<\/p>\n

\"Solana<\/div>\n","protected":false},"excerpt":{"rendered":"

The US Securities and Exchange Commission has told would-be Solana ETF sponsors to file fully amended registration statements by the end of this month, a demand that compresses a review timetable currently set to run until 10 October, the first statutory deadline for the applications. People involved in the dialogue say the Commission\u2019s trading-and-markets division […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-35737","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/35737","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35737"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/35737\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}