SEC Requests Solana ETF Revisions Amid Approval Hope

The U.S. Securities and Exchange Commission (SEC) has issued a request to potential Solana ETF issuers, prompting them to submit revised S-1 forms by next week. This action follows reports from multiple sources indicating that the SEC will provide feedback on the filings within 30 days, according to Bloomberg. Notably, the SEC is seeking clarification regarding physical redemption and handling of staking mechanisms.