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

is urging that the U.S. Securities and Exchange Commission (SEC) is encouraging issuers to revise and resubmit spot Solana ETF applications by the end of July, suggesting that approval will be faster than expected. Previously, REX-Osprey SOL and Staking ETF were automatically approved and began trading last week under different regulatory rules, which means the spot Solana ETF will join Bitcoin and Ethereum, becoming the only approved spot cryptocurrency fund in the United States, while XRP, Dogecoin, and Litecoin applications are still pending. (CoinDesk)