#AltcoinETFsPostponed WILL SOL BE APPROVED FOR ETF IN 2025?
POSITIVE REASONS (supporting the approval):
1. Precedent from Bitcoin & Ethereum Spot ETFs
→ The SEC has approved the Bitcoin Spot ETF (January 2024) and is highly likely to approve the Ethereum Spot ETF (in 2025).
→ If ETH is approved, other Layer-1s like Solana are likely to open up afterwards.
2. Major organizations have filed applications
→ Franklin Templeton has officially submitted a Solana Spot ETF application in early 2025 – this is a reputable organization with experience in managing ETFs.
→ This indicates that the legal pathway is starting to open up.
3. Strong growth and transparency of the Solana network
→ Solana is improving stability, decentralization, and transparency – factors that the SEC considers when evaluating whether an asset is a “security.”
NEGATIVE REASONS (obstacles to approval):
1. The SEC has not clearly defined Solana as a “commodity” or “security”
→ If the SEC considers SOL a security, then a spot ETF will be difficult to approve because it needs to comply with different regulations.
2. ETH has not been approved (as of May 2025)
→ The SEC is still delaying its decision on the Ethereum Spot ETF – Solana will definitely have to wait after Ethereum.
3. There is no regulated trading market for SOL in the U.S.
→ The SEC requires that the asset tracked by the ETF must have a clear and easily monitored market – this is not yet fully available for Solana.
Overall prediction:
The likelihood of the Solana ETF being approved in 2025:
→ Low to medium (30–40%) – unless the Ethereum ETF is approved early and SOL is classified as a commodity.
Higher likelihood in 2026 and beyond when:
→ The ETH ETF has stabilized
→ The SEC has a clear legal framework for altcoins
→ Solana proves its decentralization and network stability.