SEC urges issuers to revise and resubmit spot Solana ETF applications by the end of July

Golden Finance reports that the US Securities and Exchange Commission (SEC) is urging issuers to revise and resubmit their spot Solana ETF applications by the end of July, implying that approval will be faster than expected. Previously, the REX Osprey SOL and Staking ETF have received automatic approval and started trading last week under different regulatory rules, which means that the spot Solana ETF will join the ranks of Bitcoin and Ethereum, becoming the only approved spot cryptocurrency fund in the United States, while applications for XRP, Dogecoin, and Litecoin are still awaiting review.