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Several institutions are making progress (https://x.com/EleanorTerrett/status/1859611713579999366) toward the approval of Solana spot ETFs, with the U.S. SEC now reviewing related S-1 applications. Form 19b-4 submissions, a crucial step in the approval process, are expected in the coming days. Among the applicants are VanEck, 21Shares, and Canary Funds, with Bitwise also planning to file its own application.

🚨SCOOP: Talks between @SECGov staff and issuers looking to launch a $SOL spot ETF are “progressing” with the SEC now engaging on S-1 applications, according to two people familiar with the matter. These people say there’s a “good chance” we’ll see some 19b4 filings from…