Tuesday, July 1, 2025
No Result
View All Result
Coin Digest Daily
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
No Result
View All Result
Coin Digest Daily
No Result
View All Result

SEC reportedly fast-tracks Solana ETFs: potential approval arrives within 5 weeks

10 June 2025
in Ethereum
Reading Time: 2 mins read
0 0
A A
0
Home Ethereum
Share on FacebookShare on Twitter



The US Securities and Change Fee (SEC) requested would-be Solana exchange-traded fund (ETF) sponsors to file amended S-1 Types inside per week, Blockworks reported on June 10, citing three individuals accustomed to the discussions.

The sources stated that the SEC has knowledgeable the issuers that it intends to reply inside 30 days of the filings. Moreover, employees directed candidates to make clear procedures for in-kind redemptions and describe how funds may take part in Solana staking. 

Two of the sources added that regulators appeared open to permitting restricted staking contained in the product construction. One participant estimated that if the revised filings are obtained this week, a choice could possibly be made in three to 5 weeks.

Approval inside the subsequent month

Bloomberg ETF analysts James Seyffart and Eric Balchunas predicted in April that the approval of altcoin-related funds may not occur earlier than October when many of the last deadlines for a SEC choice expire.

Seyffart reiterated on Could 20 that the SEC normally takes full time to answer 19b-4 filings. Nevertheless, if an early approval happens, it may not occur till the primary days of July.

Balchunas shared a word by Seyffart on June 10, reinforcing that “ETFs that observe broad crypto indexes could also be accredited by the SEC inside the subsequent month.”

Balchunas added that the latest submitting of REX Shares to checklist Ethereum and Solana ETFs with staking choices was the explanation the regulator is contemplating fast-tracking the approvals.

The filings used the uncommon “C-Corp” format, which has a shorter response deadline with the regulator. 

Aggressive slate traces up

Constancy, Franklin Templeton, VanEck, Bitwise, Canary Capital, 21Shares, and Grayscale all have purposes for a Solana ETF.

Grayscale seeks to transform its current Solana Belief into an ETF, mirroring the trail it used to checklist spot Bitcoin and Ethereum funds. The agency’s was delayed on Could 13, whereas Franklin Templeton’s proposal was delayed on April 30. In the meantime, filings submitted by Constancy and VanEck had been postponed on Could 19.

On June 6, VanEck, Canary, and 21shares despatched a letter to the SEC asking for the reinstatement of the first-to-file approval order. 

The ETF issuers claimed concurrent approvals strip early filers of the benefit that historically offsets greater authorized and compliance prices. Within the letter, they talked about Solana ETFs.

Talked about on this article



Source link

Tags: ApprovalArrivesETFsfasttracksPotentialReportedlySECSolanaWeeks
Previous Post

Sergey Nazarov Says Chainlink in Conversations With All Top Financial Institutions in US, Asia and Middle East – The Daily Hodl

Next Post

Bitwise Debuts First Ever GameStop Covered Call ETF

Related Posts

DEXs capture almost 30% of CEX spot activity in June, setting new record
Ethereum

DEXs capture almost 30% of CEX spot activity in June, setting new record

1 July 2025
Vitalik Buterin says pluralistic ZK digital IDs are the ‘best realistic solution’ to preserve privacy
Ethereum

Vitalik Buterin says pluralistic ZK digital IDs are the ‘best realistic solution’ to preserve privacy

30 June 2025
Ethereum Holding Above Key Support On Daily Chart — Eyes Set On Breakout | Bitcoinist.com
Ethereum

Ethereum Holding Above Key Support On Daily Chart — Eyes Set On Breakout | Bitcoinist.com

30 June 2025
Ethereum Historical Pattern Hints At Potential $10,000 Surge – Analyst
Ethereum

Ethereum Historical Pattern Hints At Potential $10,000 Surge – Analyst

29 June 2025
FATF sounds alarm over rising stablecoin misuse as global crypto rules lag
Ethereum

FATF sounds alarm over rising stablecoin misuse as global crypto rules lag

28 June 2025
Pepe meme creator’s NFT projects hit for $1 million as contract hijackers drain collections
Ethereum

Pepe meme creator’s NFT projects hit for $1 million as contract hijackers drain collections

29 June 2025
Next Post
Bitwise Debuts First Ever GameStop Covered Call ETF

Bitwise Debuts First Ever GameStop Covered Call ETF

How My Old Job Secretly Prepared Me to Build a Thriving Business | Entrepreneur

How My Old Job Secretly Prepared Me to Build a Thriving Business | Entrepreneur

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Ethereum Reclaims $2,500 In Squeeze-Driven Rally – But Can It Hold?

Ethereum Reclaims $2,500 In Squeeze-Driven Rally – But Can It Hold?

28 June 2025
솔라나 레이어 2 코인 솔락시, 유니스왑 상장 출시… 지금 구매할 만한 유망 코인일까? | Bitcoinist.com

솔라나 레이어 2 코인 솔락시, 유니스왑 상장 출시… 지금 구매할 만한 유망 코인일까? | Bitcoinist.com

24 June 2025
$304M Raised, 20 Listings Locked – BlockDAG’s Plan Is Set, TAO and Pi Downtrend

$304M Raised, 20 Listings Locked – BlockDAG’s Plan Is Set, TAO and Pi Downtrend

16 June 2025
Why is Crypto Crashing? Dust Settles Over SOL and ETH After Musk Storm

Why is Crypto Crashing? Dust Settles Over SOL and ETH After Musk Storm

7 June 2025
Ethereum Price To Resume Downtrend? Market Expert Identifies Bearish Chart Setup | Bitcoinist.com

Ethereum Price To Resume Downtrend? Market Expert Identifies Bearish Chart Setup | Bitcoinist.com

23 June 2025
Altcoin Exchange Flows Dip Below $1.6B – History Points To Incoming Rally | Bitcoinist.com

Altcoin Exchange Flows Dip Below $1.6B – History Points To Incoming Rally | Bitcoinist.com

28 June 2025
The Blockchain Group Confirms Acquisition of 60 BTC, Total Holdings Reach 1,788 BTC – News Bytes Bitcoin News

The Blockchain Group Confirms Acquisition of 60 BTC, Total Holdings Reach 1,788 BTC – News Bytes Bitcoin News

1 July 2025
Robinhood Kickstarts US Stocks in Europe with Crypto: Will On-Chain Adoption Skyrocket?

Robinhood Kickstarts US Stocks in Europe with Crypto: Will On-Chain Adoption Skyrocket?

1 July 2025
Penis envy? 35-foot appendage at UK heritage site was almost covered up

Penis envy? 35-foot appendage at UK heritage site was almost covered up

1 July 2025
Feds Charge Man With $1.7M Scheme to Convert Fake Checks Into Bitcoin – Decrypt

Feds Charge Man With $1.7M Scheme to Convert Fake Checks Into Bitcoin – Decrypt

1 July 2025
Circle Proposed to Launch Federally Regulated Trust Bank

Circle Proposed to Launch Federally Regulated Trust Bank

1 July 2025
Supreme Court Rejects Crypto Privacy Case Against IRS

Supreme Court Rejects Crypto Privacy Case Against IRS

1 July 2025
Facebook Twitter Instagram Youtube RSS
Coin Digest Daily

Stay ahead in the world of cryptocurrencies with Coin Digest Daily. Your daily dose of insightful news, market trends, and expert analyses. Empowering you to make informed decisions in the ever-evolving blockchain space.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITEMAP

  • About us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$106,483.00-1.13%
  • ethereumEthereum(ETH)$2,443.70-0.77%
  • tetherTether(USDT)$1.000.01%
  • rippleXRP(XRP)$2.200.75%
  • binancecoinBNB(BNB)$652.19-0.27%
  • solanaSolana(SOL)$148.34-1.25%
  • usd-coinUSDC(USDC)$1.000.00%
  • tronTRON(TRX)$0.2783140.32%
  • dogecoinDogecoin(DOGE)$0.160296-2.66%
  • staked-etherLido Staked Ether(STETH)$2,442.36-0.74%