According to Blockworks citing multiple informed sources, the US SEC has requested institutions intending to issue Solana spot ETFs to submit updated S-1 documents within one week and provide feedback within 30 days. The updated content includes statements about physical redemption and pledge mechanisms, and the SEC maintains an open attitude towards incorporating pledges into ETF structures. A source familiar with the matter said that this could lead to the approval of Solana ETF within 3 to 5 weeks, with the earliest possible approval being in July. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=43795