📍There is a very high possibility that $SOL will be the first altcoin to have a spot #ETF approved after $ETH. 📌 The U.S. Securities and Exchange Commission (SEC) has just sent an official request to several organizations proposing a Solana ETF, such as VanEck, 21Shares, Bitwise, Fidelity… asking them to resubmit their amended S-1 filings within a week. The key points lie in two factors: the in-kind asset conversion mechanism and staking - an issue that the SEC previously avoided with Ethereum. 📌 This response indicates that the SEC is not outright rejecting the proposals but wants to clarify technical details, opening up the possibility of approval within the next 3–5 weeks, which means as soon as July 2025. After #Bitcoin and #Ethereum, #Solana is emerging as the most promising candidate for a spot altcoin ETF. 📌 Notably, the SEC is not banning staking but only requires clarification on how to handle staking rewards in the ETF. If the Solana ETF can integrate staking, this would be a significant advancement, setting a precedent for crypto products that incorporate yield within traditional financial structures. Bloomberg previously estimated the likelihood of the Solana ETF being approved at 90%, surpassing many other altcoins like #XRP, #ADA, #DOGE... The SEC's proactive request for additional filings further strengthens confidence in a positive outcome. 📌 The price of #SOL reacted immediately to the news, surging nearly 4%, approaching the $165 range. If the ETF scenario is approved in July, Solana could become the new catalyst for institutional capital returning to altcoins after the ETH ETF.