DeFi Development Company, known as the 'MSTR of Solana', has filed a $1 billion shelf offering with the SEC, allowing them to issue new securities over time. The firm is pivoting towards Solana by holding and staking SOL tokens, mirroring strategies used by other crypto-focused companies.

The SEC has postponed its decision on allowing in-kind redemptions for BlackRock’s Bitcoin ETF and is inviting public comments on the matter. Additionally, proposals for Grayscale's Litecoin and Solana Trusts have also been delayed, as the agency reviews the implications of these changes.

The SEC has expressed concerns regarding REX Shares and Osprey Funds' proposal to launch staking exchange-traded funds (ETFs) for Ethereum and Solana. The agency highlighted unresolved legal qualifications for the ETFs and requested a delay in their registration statement until these issues are addressed.

The SEC has requested updated S-1 filings from issuers of spot Solana ETFs, indicating potential approval within the next two to four months, according to Bloomberg analyst Eric Balchunas. Following news of this timeline, Solana's price increased, and stocks of companies associated with Solana also saw significant gains.

Franklin Templeton, Galaxy Digital, Grayscale, VanEck, and Fidelity have submitted updated S-1 filings for spot Solana ETFs, suggesting the SEC may be closer to approving these products. The SEC's request for amendments indicates a potential timeline of two to four months for approval, with a focus on in-kind redemptions and staking strategies.