The standards allow crypto ETFs to gain SEC approval without individual rule-changing forms, streamlining a process that previously required extensive regulatory review for each asset.
Issuers have submitted a wave of amended S-1 forms addressing technical details, including provisions related to staking.
One source expressed “high conviction” that Solana ETF registration statements would go into effect in the first half of October.
However, the looming threat of a US government shutdown could derail the timeline, with two sources noting that approvals are “very unlikely to happen during a shutdown.”
A potential midnight shutdown would pause all SEC activity, one person said.
According to the report, the most recent round of S-1 amendments addressed staking, though sources did not confirm whether approved funds would include staking features.
Additionally, the SEC’s engagement with issuers suggests the agency has moved past initial concerns about Solana’s regulatory status.
As over 100 crypto-related filings await approval with the regulator, the altcoin ETF floodgates may open with the approval of Solana products.
