The Solana ETF applications from four institutions are about to face the SEC's first review deadline, and the market is holding its breath! 📅

According to ChainCatcher, the Solana ETF applications submitted by VanEck, 21Shares, Canary, and Bitwise will undergo their first SEC review on January 25, 2025. The SEC officially accepted these applications on November 21, 2024, and will make a preliminary decision within 45 days, which could result in approval, rejection, or delay. ⏳

Interestingly, Grayscale's application to convert its Solana trust fund into an ETF has an earlier review date of January 23, 2025. The market generally believes that the SEC may handle these applications uniformly. 🤔

Investors, stay tuned! 🔍