Monday, August 25, 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

Tom Lee Buys $45M In Ethereum As Bitmine Expands Treasury To $7B ETH | Bitcoinist.com
Ethereum

Tom Lee Buys $45M In Ethereum As Bitmine Expands Treasury To $7B ETH | Bitcoinist.com

25 August 2025
As September looms, is Ethereum due a seasonable pullback?
Ethereum

As September looms, is Ethereum due a seasonable pullback?

24 August 2025
Ethereum Faces High-Risk Setup: Leverage-Driven Rallies Signal Volatility
Ethereum

Ethereum Faces High-Risk Setup: Leverage-Driven Rallies Signal Volatility

24 August 2025
Ethereum Open Interest Jumps 10% As $3.18B In New Positions Flood In
Ethereum

Ethereum Open Interest Jumps 10% As $3.18B In New Positions Flood In

23 August 2025
Ethereum breaks above 2021 all-time high after blistering 15% rally
Ethereum

Ethereum breaks above 2021 all-time high after blistering 15% rally

23 August 2025
Protocol Update 002 – Scale Blobs | Ethereum Foundation Blog
Ethereum

Protocol Update 002 – Scale Blobs | Ethereum Foundation Blog

23 August 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
FTT jumps 7% as Backpack launches platform to help FTX victims liquidate claims – CoinJournal

FTT jumps 7% as Backpack launches platform to help FTX victims liquidate claims – CoinJournal

19 July 2025
PENDLE token goes live on BeraChain and HyperEVM to expand cross-chain utility – CoinJournal

PENDLE token goes live on BeraChain and HyperEVM to expand cross-chain utility – CoinJournal

30 July 2025
A Russian Hacking Group Is Using Fake Versions of MetaMask to Steal $1M in Crypto – Decrypt

A Russian Hacking Group Is Using Fake Versions of MetaMask to Steal $1M in Crypto – Decrypt

10 August 2025
Ethereum Reclaims $4,600 With Unprecedented $1 Billion In Spot ETF Inflow

Ethereum Reclaims $4,600 With Unprecedented $1 Billion In Spot ETF Inflow

13 August 2025
XRP Price Blasts Higher by 10%, Bulls Eye Even Bigger Gains

XRP Price Blasts Higher by 10%, Bulls Eye Even Bigger Gains

8 August 2025
PEPE Gears Up For 120% Move As Indicators Point To An End Of Decline | Bitcoinist.com

PEPE Gears Up For 120% Move As Indicators Point To An End Of Decline | Bitcoinist.com

8 August 2025
Coinbase CEO Predicts $1M Bitcoin Driven by FOMO, ETFs, Government Action – Markets and Prices Bitcoin News

Coinbase CEO Predicts $1M Bitcoin Driven by FOMO, ETFs, Government Action – Markets and Prices Bitcoin News

25 August 2025
Hacker Moves Loot: Over 38,000 Solana Purchased With Stolen Crypto

Hacker Moves Loot: Over 38,000 Solana Purchased With Stolen Crypto

25 August 2025
Ether Soars In August—But Will September Spoil The Party?

Ether Soars In August—But Will September Spoil The Party?

24 August 2025
BlockDAG’s Presale Path to $1 Target as Solana and Ripple Navigate Markets

BlockDAG’s Presale Path to $1 Target as Solana and Ripple Navigate Markets

24 August 2025
Solana Eyes $360 After Breaking $200 – Here’s Why $SNORT Could Deliver Bigger Gains

Solana Eyes $360 After Breaking $200 – Here’s Why $SNORT Could Deliver Bigger Gains

24 August 2025
Wall Street’s Crypto Titans: Billions in Bitcoin and Ethereum Stashed Away – Crypto News Bitcoin News

Wall Street’s Crypto Titans: Billions in Bitcoin and Ethereum Stashed Away – Crypto News Bitcoin News

24 August 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)$112,536.00-2.45%
  • ethereumEthereum(ETH)$4,701.53-2.02%
  • rippleXRP(XRP)$2.99-2.24%
  • tetherTether(USDT)$1.000.02%
  • binancecoinBNB(BNB)$867.88-1.99%
  • solanaSolana(SOL)$203.71-1.11%
  • usd-coinUSDC(USDC)$1.000.00%
  • staked-etherLido Staked Ether(STETH)$4,691.20-2.07%
  • dogecoinDogecoin(DOGE)$0.227551-4.30%
  • tronTRON(TRX)$0.357876-1.47%