US SEC Requests Revised S-1 for Spot SOL ETF, Approval Possible Within 3 to 5 Weeks

The U.S. Securities and Exchange Commission (SEC) has formally requested the issuer behind the proposed spot SOL ETF to file an updated S-1 registration statement within the upcoming week. This regulatory step signals a potential acceleration in the approval process, with industry experts projecting that the ETF could receive authorization within a 3 to 5 week timeframe. The SEC’s request for a revised filing underscores its commitment to thorough due diligence, ensuring compliance with existing securities laws before granting market access. Approval of a spot SOL ETF would mark a significant milestone in the cryptocurrency investment landscape, offering investors direct exposure to Solana’s native token through a regulated financial product. Market participants and institutional investors are closely monitoring this development, as it may enhance liquidity and broaden adoption of SOL within traditional investment portfolios.