According to ChainCatcher news and data from Bloomberg terminals, 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 officially accepted by the SEC on November 21, 2024. According to the approval process, the SEC must make an initial decision within 45 days of acceptance, which may include approval, rejection, or postponement.
It is worth noting that Grayscale's previously submitted application for converting the Solana trust fund into an ETF was submitted earlier, with its first review deadline set for January 23, 2025. The market generally expects that the SEC may adopt a unified approach to review these Solana ETF applications.
