TechFlow reported on December 4 that, according to Bloomberg Terminal data, the Solana ETF applications submitted by four institutions—VanEck, 21Shares, Canary, and Bitwise—will face the U.S. Securities and Exchange Commission's (SEC) initial review deadline on January 25, 2025.
All four institutions' Form 19b-4 filings were officially accepted by the SEC on November 21, 2024. Under standard procedures, the SEC has 45 days from the acceptance date to make an initial decision, which could include approval, rejection, or postponement.
Notably, Grayscale’s earlier application to convert its Solana trust into an ETF has an initial review deadline of January 23, 2025. Market observers widely expect the SEC to handle all Solana ETF applications in a coordinated manner.
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