The US SEC has requested the issuer proposing a spot SOL ETF to submit a revised S-1 form within the next week, potentially indicating that the ETF could be approved within 3 to 5 weeks.

BlockBeats News, on June 11, according to a report by Blockworks, the U.S. Securities and Exchange Commission (SEC) has requested the issuers of the proposed spot Solana ETF to submit an amended S-1 filing within the next week. A source estimates that these updates could lead to the approval of the Solana ETF within 3 to 5 weeks.

It was also mentioned that the SEC appears to be open to proposals that include staking mechanisms.