The president of The ETF Store: The US SEC is about to open the floodgates for Crypto Assets ETFs.

Gate News bot message, The ETF Store President Nate Geraci posted on social media: "It seems that the SEC is about to open the floodgates for Crypto Assets ETFs..."

This is the last step before all major brokerages offer direct spot Crypto Assets trading. After this, we will move towards full securities tokenization.

ETF = A bridge connecting traditional and decentralized finance. This bridge is about to be completed. Crypto Assets are about to become mainstream.

Earlier today, news reported by Blockworks citing multiple informed sources indicated that the U.S. Securities and Exchange Commission ( SEC ) has issued a notice to the institutions applying to issue a Solana spot ETF, requesting an updated version of the S-1 filing to be submitted within a week. The SEC promised to provide feedback on the updated filing within 30 days.

This update needs to emphasize the relevant content regarding physical redemption and the staking mechanism. According to informed sources, the SEC has an open attitude towards incorporating the staking mechanism into the ETF structure. Meanwhile, sources pointed out that the Solana ETF may be approved within 3 to 5 weeks, with the earliest approval expected in July.