🗞 Solana News: 7 Solana$SOL ETF Issuers File S-1s, but SEC Approval Unlikely Soon, Analysts Say

Seven major asset managers have officially filed S-1 registration statements with the U.S. SEC for Solana (SOL) spot ETFs, signaling growing institutional interest in the Ethereum rival. While this marks a significant milestone for Solana’s adoption, analysts remain cautious, noting that actual approval could take months—or longer.

Despite the filings, experts suggest the SEC is unlikely to fast-track approval without broader regulatory clarity around crypto classification and spot market oversight.

🔍 Key Highlights:

7 ETF issuers file S-1 forms for Solana$SOL ETFs

SEC approval not expected soon due to regulatory uncertainty

Follows growing momentum from recent Bitcoin and Ethereum ETF developments

📉 Market Impact: SOL price showed slight volatility but remained relatively stable around the $150 mark as of writing.

📢 “This shows increasing confidence in Solana’s infrastructure,” said one analyst, “but don’t expect fast-track approval—regulatory hurdles are still high.”

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