On December 4th, according to Bloomberg's end point data, the Solana ETF applications submitted by four institutions, including VanEck, 21Shares, Canary and Bitwise, will face the SEC's first 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 its first decision within 45 days after acceptance, and may choose to approve, reject or extend. It is worth noting that Grayscale previously submitted Solana trust fund conversion ETF applications earlier, with the first review deadline of January 23, 2025. The market generally expects that the SEC may adopt a unified approach to review these Solana ETF applications.