Seven issuers have filed or amended applications for spot Solana $SOL ETFs with the US Securities and Exchange Commission (SEC) on June 13, marking a significant step towards potential approval. Bloomberg ETF analyst James Seyffart predicts a 90% chance of approval in 2025, citing lessons learned from past approvals.

The filings include:

- Fidelity Investments: Filed its initial S-1 registration statement for its spot Solana ETF Investmentsm

21Shares: Filed S-1 amendments

- Franklin Templeton: Filed S-1 amendments

- Grayscale Investments: Filed S-1 amendments

- Bitwise Investments: Filed S-1 amendments

- Canary Capital: Filed S-1 amendments

- VanEck: Filed amended S-1, having been the first US firm to file for a spot Solana ETF in June 2024

Key Aspects:

- Staking Language: All seven filings include staking language, which could complicate approval timelines

- SEC Review: The SEC has requested amended documents from issuers, potentially signaling a positive step towards approval

- Approval Timeline: Bloomberg's Eric Balchunas predicts a potential approval timeline of two to four months

- Market Impact: Approval could lead to increased institutional investment and a potential "altcoin ETF summer" with Solana likely leading the way

The inclusion of staking language in all filings has sparked debate about potential regulatory hurdles.

Seyffart notes that while lessons from past approvals could help speed up the process, there's uncertainty around staking.

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