The US Securities and Stock Exchange Commission (SEC) said that the organizations working on Solana-based Stock Exchange Investment Fund (ETF) applications to reorganize their S-1 files by the end of July. Behind this request of the SEC is the purpose of preventing unexpected advantages to the market and maintaining the equality in the market. Although the authorities have time until October, it is expected that revised documents are expected to be delivered earlier.
The release of SSK ETF and its results
Recently, Rex-Oos Sol and Stinging ETF (SSK) started to be traded in the market by completing the relevant procedures in the USA. The SSK product has been automatically approved if SEC did not prevent this application because it has applied under the 1940 Investment Companies Law. The resulting ‘open matter’ caused the product to be released in a surprise way, while the regulators put pressure on accelerating the process.
In a statement on an authorized issue,
“There is a significant pressure to make SEC faster than waiting for the approval process of these products until October. Especially after the approval of the Rex Shares product last week, this pressure increased,”
He said. This description shows that expectations are not allowed to gain advantage compared to other Solana ETFs of SSK ETF.
SEC’s attitude in crypto products
SEC’s attitude towards ETF applications for different crypto assets draws attention. It is reported that the Board recently stopped the approval of Grayscale’s Crypto Basket ETF unexpectedly. It is stated that XRP and island assets in the basket without independent ETF may cause this. This development leads to comments that SEC is progressing rapidly from time to time during the approval process.
It is stated that the crypto market is constantly pressing on regulatory institutions so that the products are not unexpected or postponed. Authorities emphasize that they aim to carry out the process in a fair and balanced way.
Orientation of corporate investors to Solana
Solana is the focus of corporate companies, especially with increasing interest in developers and investors. In June, Investment Bank Cantor Fitzgerald pointed out that the interest in Solana increased rapidly, and in the coming period, more companies predicted that this presence could begin to use this in the treasures of the company. The Bank, the companies in the long term Ethereum 
$2,560.98He also says they think they can get in front of him.
It is stated that this increase in corporate adoption may increase the demand for Solana ETFs. In addition, rapid approval of ETFs that may form a precedent can increase the diversity and competition in the market.
Analysts think that the rapid movement of SEC rapidly in the process is important for the balance in the market. Fair execution of the process is considered critical in order to present different products to investors at the same time.
In the crypto asset market, the regulatory steps and the approval process of applications are more followed day by day. The balance, especially in products with a large market share, continues to be important for both companies and investors. Increasing the interest of institutions towards Solana and accelerating applications signal that it can lead to significant changes in the sector.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
