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https://blockworks.co/news/solana-etf-sec-forms The US Securities and Exchange Commission has asked prospective Solana ETF issuers to submit amended S-1 forms within the next week, three sources with knowledge of the matter told Blockworks. The agency told issuers it would make comments on the S-1s within 30 days of their submission, two sources added. The SEC asked issuers to update language surrounding in-kind redemptions and how issuers would approach staking, two of the sources said, adding that the agency appears open to including staking as part of Solana ETFs. One source estimated these updates could put Solana ETFs on track to be approved within three to five weeks. Bloomberg Intelligence’s James Seyffart told Blockworks that he’s eyeing approval this year, possibly as soon as July. “We think the SEC may now focus on handling 19b-4 filings for Solana and staking ETFs earlier than planned. Issuers and industry participants likely have been working alongside the SEC and its crypto task force to hash out rules, but the final deadlines for the agency’s decisions on such applications aren’t until October,” Seyffart wrote in a note this week. |
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