Fox reporter: The US SEC has made progress in negotiations with SOL spot ETF issuers

ChainCatcher news, FOX Business reporter Eleanor Terrett posted on social media that, according to two informed sources, negotiations between SEC staff and issuers looking to launch a SOL spot ETF have "made progress."

The SEC is currently processing the S-1 application for the SOL spot ETF. These informed sources indicated that it is "very likely" to see exchange representatives of potential issuers submit some 19b-4 documents in the coming days, which is the next step in the ETF approval process.

ETF issuers stated that, based on recent staff engagement, along with the incoming government supportive of cryptocurrency, there is currently a new sense of optimism that the Solana ETF may be approved sometime in 2025.