According to Bloomberg Terminal data, Solana ETF applications submitted by four institutions, including VanEck, 21Shares, Canary, and Bitwise, will face their first SEC review deadline on January 25, 2025.
The 19b-4 filings for these four institutions were officially accepted by the SEC on November 21, 2024. As per the regulatory process, the SEC is required to make an initial decision within 45 days of acceptance, which may involve approval, rejection, or an extension.
Notably, Grayscales earlier application to convert its Solana Trust Fund into an ETF has a slightly earlier review deadline of January 23, 2025. The market widely anticipates that the SEC may take a unified approach in reviewing these Solana ETF applications.
