Multiple Solana ETF applications will face their first review deadline on January 25th next year

According to Bloomberg terminal data, the Solana ETF applications submitted by four institutions including VanEck, 21Shares, Canary and Bitwise will face their first SEC review deadline on January 25, 2025.

The 19b-4 applications of these four institutions were officially accepted by the SEC on November 21, 2024. According to the approval process, the SEC needs to make a preliminary decision within 45 days after acceptance and may choose to approve, reject or postpone. It is worth noting that Grayscale's earlier application for converting its Solana trust fund into an ETF has its first review deadline set for January 23, 2025. The market generally expects that the SEC may adopt a unified approach in reviewing these Solana ETF applications.