BlockBeats news, on December 4th, according to Bloomberg terminal data, four institutions including VanEck, 21Shares, Canary, and Bitwise submitted Solana ETF applications that will face the SEC's first review deadline on January 25, 2025. The 19b-4 applications from these four institutions were officially accepted by the SEC on November 21, 2024. According to the approval process, the SEC needs to make an initial decision within 45 days after acceptance, and it may choose to approve, deny, or postpone.
It is worth noting that Grayscale's earlier submission of the Solana trust fund conversion ETF application has an initial review deadline of January 23, 2025. The market generally expects that the SEC may adopt a unified approach to review these Solana ETF applications.
