The SEC will provide comments on the updated filin

The US SEC has requested spot Solana ETF (exchange-traded fund) issuers to update their S-1 filings by June, Blockworks reported, quoting unnamed sources.

Notably, the SEC has asked prospective issuers to clarify procedures for in-kind redemption. The regulator is reportedly open to allowing staking as part of these products.

Additionally, the sources noted that the agency will provide comments on the updated filings within 30 days of their submission.