🔳👌 Negotiations between the SEC and issuers of spot ETFs on Solana are progressing, and the agency is reviewing S-1 applications.

ℹ️ VanEck, 21Shares, and Canary Funds have already submitted documents, Bitwise plans to join. The next step is the 19b4 forms from exchanges, which open 240 days for the SEC's decision. While approval is not guaranteed, sources note optimism due to the SEC's activity and the new pro-crypto administration. Possible approval is expected in 2025.

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