The U.S. Securities and Exchange Commission (SEC) has mandated asset managers to submit revised S-1 filings for proposed Solana spot Exchange-Traded Funds (ETFs) by the end of July. This directive suggests a potential acceleration in the SEC’s review process, moving ahead of the formal October 10, 2025 deadline for final approval decisions.
Industry analysts indicate over a 95% likelihood of Solana spot ETF approval this year, reflecting heightened market anticipation. This development follows the SEC’s precedent-setting fast-tracking of spot Ethereum ETFs in 2024 and its recent approval of the first U.S. staking ETF—the REX-Osprey SOL and Staking ETF.
The move occurs alongside a broader expansion in crypto ETF evaluations. Bitwise submitted amended filings for Dogecoin and Aptos ETFs in late June, signaling constructive engagement between issuers and regulators. The SEC’s ongoing approvals for ETFs tied to cryptocurrencies including Litecoin, XRP, and Cardano underscore a shifting regulatory landscape for digital asset investment vehicles.