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