Solana ETF Filings Face New SEC Requirements

• SEC wants Solana ETF S-1 forms revised by July end
• New rules demand physical subscription and redemption
• First approval deadline set for October 10

The U.S. Securities and Exchange Commission (SEC) is accelerating the timeline for Solana (SOL) spot ETF applications. According to CoinDesk, the SEC has directed applicants to revise their S-1 filings by the end of July. This move reflects growing political and market pressure to fast-track the ETF approval process.

Physical Mechanisms Now a Requirement

The revised S-1 documents must include clear guidelines on physical subscription, redemption, and pledge mechanisms. This shift means that applicants must now outline how investors can directly subscribe to or redeem shares in the ETF using actual SOL tokens, rather than relying solely on cash-based methods.

These requirements mirror the structure used in recently approved Bitcoin ETFs, which helped gain regulatory approval by reducing risks around price manipulation and custody.

Approval Deadline Nears Amid Political Pressure

While the official first deadline for a decision is October 10, sources indicate that the SEC may move quicker. There is growing pressure from lawmakers and industry players to greenlight more crypto investment products ahead of the U.S. elections, especially after the successful rollout of spot Bitcoin ETFs earlier this year.

This new development adds momentum to Solana’s case, positioning it as the next major crypto asset likely to receive ETF approval in the U.S.

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