Reports have indicated that the U.S. Securities and Exchange Commission has asked potential issuers of exchange-traded funds (Solana ETF) to submit amended S-1 forms, raising questions about the possibility of approving the Solana ETF this year. If so, it could have huge implications for the entire cryptocurrency market. In contrast, it took more than ten years for U.S. investors to be able to invest in an exchange-traded fund for Bitcoin, a decade of struggle that included litigation, countless educational initiatives, and meetings with regulators.
The Ethereum currency appeared shortly thereafter (but without any deposit, and we will talk about that later). The U.S. Securities and Exchange Commission approved the listing of Ethereum exchange-traded funds in May 2024.
And now, we may find ourselves on the brink of approval for the Solana exchange-traded fund, which is crucial for the acceptance and adoption of digital assets in the long term in America.
The story of Bitcoin has revolved around being the underlying investment of digital gold.
Solana has a different story, one that is critically important for American technological innovation. Solana is a blockchain that people actually use for more than just saving, and thanks to its speed and efficiency, it is used to build applications. According to blockchain data published via Dune Analytics, there were nearly 5.5 million active Solana wallet accounts daily in May 2025. Choosing to invest in Solana is, in many ways, like choosing to invest in a tech company. There are many quantitative data that show the use of the chain, and there are also countless qualitative examples.