According to ChainCatcher news, data from Bloomberg terminals shows that 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 applications of these four institutions for 19b-4 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, and may choose to approve, deny, or delay.
It is worth noting that Grayscale's previously submitted application for the conversion of the Solana trust fund into an ETF had an earlier submission time, 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.
