According to a post by Fox reporter Eleanor Terrett on the X platform, two people familiar with the matter revealed that the SEC's negotiations with the issuer of the spot SOL ETF have made progress. The SEC is currently processing the S-1 application. People familiar with the matter said that in the next few days, "it is very likely" to see the exchange submit some 19b4 documents on behalf of potential issuers-this is the next step in the ETF approval process.
Currently, VanEck, 21Shares, and Canary Capital are expected to have submitted S-1 applications for Solana ETFs, and Bitwise announced its intention to submit an S-1 application yesterday.