The U.S. Securities and Exchange Commission (SEC) has established a deadline for submitting updated S-1 forms for issuers of spot exchange-traded funds (ETFs) based on Solana (SOL) — by the end of July 2025.
This is reported by Business • Media
Current SEC Requirements and Review Timelines
According to information, the regulator formally has until October 10, 2025, to make a decision regarding these financial products. At the same time, sources indicate that the SEC may approve the first applications even before the official deadline, suggesting the possibility of an expedited review.
One reason for this acceleration is the recent approval of the Solana ETF by REX Shares and Osprey Funds, which has prompted the activation of the review process for new applications. Market participants note that the SEC is currently under additional pressure from the industry to expedite decision-making.
“I believe there is some pressure on the SEC to approve these funds faster, rather than waiting until October, especially after the Rex Shares product was approved last week,” said one source.
Background and Preliminary Steps by the Regulator
Back in June 2025, the SEC reached out to potential Solana ETF issuers requesting them to update their S-1 forms. Thus, issuers have a limited time to prepare the necessary documentation to meet the new regulatory requirements and obtain approval to launch their products sooner than initially anticipated.
The review of Solana-ETF applications remains one of the key topics in the cryptocurrency market, as the approval of these funds could significantly impact the further development of the industry and enhance institutional investors’ trust in digital assets.