According to Eleanor Terrett, a Fox reporter, two people familiar with the matter said that the Securities Exchange Commission has made progress in negotiations with the issuers of spot SOL ETFs, and the Securities Exchange Commission is currently processing S-1 applications. According to the people familiar with the matter, it is "very likely" that the next few days will see exchanges file some 19b4 documents on behalf of potential issuers - which is the next step in the ETF approval process. VanEck, 21Shares, and Canary Capital have all filed S-1 applications for the Solana ETF, and Bitwise announced its intention to file S-1 applications yesterday.