The U.S. Securities and Exchange Commission (SEC) is accelerating its review process for spot Solana ETFs, signaling a potential approval well before the final deadline of October 10, 2025.
According to multiple sources familiar with the matter, the SEC has asked issuers to submit amended S-1 filings by the end of July, suggesting a faster-than-expected regulatory pathway for Solana-based exchange-traded funds.
SEC Urges Early Filings Ahead of October Deadline
While the final decision deadline is technically set for October 10, the SEC’s recent communications imply that the agency may approve one or more Solana ETFs ahead of schedule. Issuers have been instructed to revise their proposals to include in-kind creations and redemptions, as well as language relating to staking mechanisms, marking the first formal guidance on Solana-based funds.
This is being interpreted as a clear indication that regulators are moving quickly to keep up with market developments and avoid repeating past criticism around delayed crypto ETF approvals.
REX-Osprey SOL and Staking ETF Already Trading
The push for earlier refilings follows the automatic approval of the REX-Osprey SOL and Staking ETF (ticker: SSK), which began trading last week. This fund was approved under the Investment Company Act of 1940, which allows automatic approval unless specifically halted by the SEC.
The SSK fund now holds first-mover advantage in the Solana ETF space, a scenario the SEC has historically tried to avoid. In past cases, such as bitcoin and ether ETFs, the Commission approved multiple products simultaneously to avoid giving any one issuer a competitive edge.
Solana ETFs Could Be Third Major Spot Crypto Fund Category
If approved, spot Solana ETFs would become the third major category of crypto ETFs in the U.S., joining spot bitcoin and spot ether products. Other pending applications include funds based on XRP, Dogecoin, and Litecoin, though none have received similar momentum from regulators thus far.
Regulatory Signals Point to Imminent Approval
Industry observers believe that the SEC is under pressure to demonstrate consistent treatment across digital asset products. The July refiling deadline could clear the way for pre-October Solana ETF approvals, giving institutional investors a new avenue for regulated exposure to the fast-growing Solana ecosystem.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.