#solana

ETF (Bullish/Mixed Impact)
Overview: Seven firms including Fidelity and VanEck filed spot Solana ETF applications, with SEC feedback suggesting possible approval by October 2025. The agency requested revised S-1 forms addressing staking mechanics and redemption processes.
What this means: Approval could mirror Bitcoin ETF inflows (≈$5B projected first-year SOL ETF inflows) while rejection might trigger 30-40% downside. The SEC's May 2025 court loss regarding SOL's "security" status improved odds, but political shifts could delay decisions.