SEC don make Spot ETF filings sharp-sharp and fast-track Solana ETF

For July 8, di U.S. Securities and Exchange Commission (SEC) show one easier way for spot crypto ETF applications, wen dem combine di previous two-step process into one S-1 registration and reduce di review time to 75 days. SEC even set uniform listing standards and clear guide for crypto-specific tins like staking mechanisms and in-kind redemptions to help institutional investors. As of early July, 72 spot ETF proposals, including Bitcoin, Ethereum and Solana, dey wait for approval. Shortly after, SEC tell Solana spot ETF makers make dem file updated S-1 prospectuses by end of July, to explain staking and in-kind transaction processes, and final decision go come by October 10. This fast speed come after di surprise launch of di REX-Osprey Solana and Staking ETF (SSK), wey collect $12 million first-day inflows and see daily active addresses on Solana pass 14.6 million. SOL trade near $150, with daily volume pass $4.2 billion.