The US Securities and Exchange Commission (SEC) has requested prospective Solana ETF issuers to amend their S-1 forms within a week, with feedback expected within 30 days post-submission. The SEC's request includes updates on language regarding in-kind redemptions and the incorporation of staking in Solana ETFs, indicating a potential openness to include staking. A source indicated these revisions could position Solana ETFs for approval within three to five weeks. Analysts predict that the SEC may expedite its review of Solana and staking ETFs, with some anticipating an approval timeline as soon as this year. Various issuers, including Fidelity, Grayscale, and VanEck, are vying for Solana ETF opportunities, and while many have not commented, Grayscale has expressed intentions to convert its SOL Trust into a spot ETF. Additional context includes recent SEC developments with Grayscale and the launch of Sol futures at CME, reinforcing trading activity around Solana.

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