SEC Demands Final Solana ETF Submissions by July – Will Institutions Finally Embrace Crypto’s Speed Demon?

The clock's ticking for Wall Street's Solana reckoning.

Regulators just dropped a deadline that could reshape crypto markets—here's what you need to know.

The ETF Sprint Is On

No more extensions. No more delays. The SEC's July cutoff forces asset managers to put up or shut up on Solana-based funds.

Why This Matters More Than Bitcoin ETFs

While Bitcoin lumbered through its ETF approval like a bull in a china shop, Solana's lightning-fast blockchain poses real operational challenges for traditional finance dinosaurs.

Fun fact: Those same firms now scrambling to file paperwork spent 2022 calling Solana 'overhyped.' How the turntables...

The Institutional Adoption Litmus Test

Approval would validate Solana as more than just a DeFi playground—rejection could send SOL holders scrambling faster than a yield farmer spotting an exploit.

One cynical take? This whole circus proves Wall Street only cares about blockchains when they can slap a ticker on it and charge 2% management fees.

TLDR

• Solana ETF race heats up as SEC demands amended filings by July.

• SEC fast-tracks Solana ETFs after SSK launch shakes up market.

• Asset managers rush to revise Solana ETF docs amid SEC pressure.

• Solana ETF approvals could come early as SEC tightens timeline.

• REX-Osprey’s SOL ETF pushes SEC to speed up rival fund reviews.

The Securities and Exchange Commission has requested amended filings for solana ETF applications before the end of July. This move signals an acceleration in the regulatory process that could bring Solana ETF approval sooner than expected. The SEC’s directive follows the recent automatic approval of the REX-Osprey SOL and Staking ETF under a different regulatory framework.

Solana ETF Filings Face Compressed Timeline

Asset managers aiming to list a Solana ETF must refile revised S-1 documents within the next three weeks. The SEC is reviewing critical elements, including staking mechanisms and in-kind redemptions, as part of the resubmission. These requests represent the agency’s first direct communication with issuers since initial filings.

🚨SEC is pushing issuers to amend and refile applications for spot $SOL ETFs by the end of July, signaling faster-than-expected approvals.
This follows the recent launch of the REX-Osprey SOL + Staking ETF ($SSK), which began trading last week under the Investment Company Act of… https://t.co/bpzPl5CXHx pic.twitter.com/D3DUrBerAt

— Solana Daily (@solana_daily) July 7, 2025

Several asset managers such as Grayscale, VanEck, Fidelity, and Bitwise submitted applications earlier this year. The deadline for the SEC to make final decisions remains October 10, 2025. However, the regulator appears to be positioning for potential approvals much earlier.

The SEC’s push follows its previous synchronized approvals of multiple spot Bitcoin and ethereum ETFs. Officials now aim to avoid any first-mover advantage as seen with REX-Osprey’s product. Therefore, approving multiple Solana ETFs simultaneously remains a likely strategy.

REX-Osprey SOL ETF Sets New Precedent

The REX-Osprey SOL and Staking ETF began trading under the ticker SSK last week, gaining $12 million in initial inflows. Structured under the Investment Company Act of 1940, the fund received automatic approval, bypassing traditional review. This automatic route contrasts with the more rigorous 1933 Act framework required for other Solana ETF filings.

The launch of SSK has changed the competitive landscape for Solana ETFs in the U.S. market. It has also pressured the SEC to respond faster to other applications now in queue. Officials want to prevent one fund from dominating the space before others can enter.

Moreover, the SSK launch may force traditional issuers to re-evaluate fund structures. Filing under different frameworks may not be viable for all firms. Hence, most applicants continue to pursue approval via amended S-1 registrations.

Bitwise, Fidelity, and Other Issuers Prepare Amendments

Bitwise recently submitted amended S-1s for unrelated ETFs tied to Aptos and Dogecoin, showing ongoing engagement with the SEC. Fidelity, Invesco, Franklin Templeton, and CoinShares are among those expected to refile soon for Solana ETF approval. These amendments are expected to reflect the SEC’s recent guidance on staking and redemption structures.

While the October deadline remains in place, early filings may fast-track the approval process. Some analysts estimate the chance of 2025 approval for a Solana ETF at over 95%. The SEC’s current posture suggests decisions may come well ahead of schedule.

The Solana ETF filings reflect broader momentum in digital asset regulation across the U.S. market. With Bitcoin and Ethereum spot ETFs already trading, Solana becomes the next logical addition. Further clarity on staking and in-kind procedures will likely define the pace of final approvals.