Odaily News The U.S. Securities and Exchange Commission (SEC) has asked the potential Solana ETF issuer to file a revised S-1 form within the next week, three people familiar with the matter said. Two of the sources added, "The agency told the issuer that it will comment on the S-1 filing within 30 days of its filing. The SEC asked the issuer to update the wording on physical redemptions and how the issuer handles staking, adding that the agency seems willing to include staking as part of the Solana ETF." Another source estimated that these updates could put the Solana ETF on track to be approved within three to five weeks. James Seyffart of Bloomberg Intelligence said he expects approval this year, possibly as early as July. "We believe the SEC may now focus on processing Solana's 19b-4 application and staking ETF earlier than planned," Seyffart wrote in a report this week. "Issuers and industry participants may have been working with the SEC and its cryptocurrency working group on rulemaking, but the agency's deadline for making a decision on such applications is October."