The SEC ( has recently taken substantial action regarding the Solana ETF, requiring the issuer to submit a revised proposal next week, marking a critical stage in the approval of the SOL ETF. It is worth noting that Canada has successfully launched a SOL ETF with staking features, providing a viable reference for the U.S. version.

The SEC is primarily focused on two core issues this time: first, the clear rules regarding the conversion mechanism between ETF shares and underlying assets; second, whether staking rewards can be integrated into the product structure. If these two points are resolved, investors will be able to simultaneously benefit from both the price appreciation of the coins and the staking interest, significantly enhancing the product's attractiveness.

After the news broke, the price of SOL quickly rose from $100 to $165, an increase of 65%. If the ETF is ultimately approved, breaking through $200 may become the next important price level. However, investors should be aware that price fluctuations during the approval process may be significant, and market risks cannot be ignored.

On a deeper level, the SEC's openness to staking is actually a kind of endorsement of the decentralized finance )DeFi( model. If this precedent is successfully established, the integration and innovation of traditional finance and blockchain technology may be further accelerated in the future, bringing more possibilities to the market.