As of January 2025, the cryptocurrency industry is anticipating the approval of Solana (SOL) exchange-traded funds (ETFs). In November 2024, the Chicago Board Options Exchange (CBOE) submitted four 19b-4 filings to the U.S. Securities and Exchange Commission (SEC) on behalf of asset managers Bitwise, VanEck, 21Shares, and Canary Capital, aiming to list spot Solana ETFs.
The potential approval of these ETFs is bolstered by recent leadership changes at the SEC, with the appointment of Paul Atkins as the new chair. Industry experts, including Nate Geraci, President of ETF Store, predict a high likelihood of spot Solana ETF approvals in 2025.
The introduction of Solana ETFs is expected to attract institutional investors, providing regulated avenues for exposure to Solana's rapidly growing blockchain ecosystem, renowned for its scalability and efficiency. This development could significantly enhance Solana's standing in the crypto market.
