The U.S. Securities and Exchange Commission (SEC) has recently taken a series of noteworthy actions — particularly asking potential Solana ETF issuers to revise and resubmit their S-1 filings, with sources suggesting the inclusion of staking features is also being considered. This has fueled optimism that a Solana spot ETF could be approved sooner than expected.
According to TheBlock, SEC has given issuers just one week to update their S-1 documents. The requested revisions focus on two key aspects: clarifying the process for redemptions (where shares are exchanged for actual crypto rather than cash) and providing detailed plans on how staking will be handled. These requests hint that the SEC may be open to ETFs that allow staking.
Many in the market see this as a clear sign that the approval process is accelerating. While the official decision deadline is set for October 2025, analysts believe approval could come as early as July — or within three to five weeks after that.
Several major asset managers — including Fidelity, Franklin Templeton, VanEck, Bitwise, Canary Capital, 21Shares, and Grayscale — are actively pursuing approval for a Solana ETF.
Bloomberg analyst Eric Balchunas raised the probability of approval from 70% to 90% back in April. He pointed to the Chicago Mercantile Exchange (CME) launching SOL futures in February as a strong positive indicator. Historically, CME futures have preceded ETF approvals for both Bitcoin and Ethereum, suggesting a similar path for Solana.
Prediction markets like Polymarket are also bullish, pricing in a 91% chance that a Solana ETF gets approved by the end of 2025. Some analysts even believe SOL could surge past the $200 mark in June if momentum continues.
If approved — especially one that includes staking — the Solana ETF would offer traditional investors an easy way to gain exposure to SOL. It could also set a precedent for staking-enabled ETFs more broadly, likely prompting similar moves for Ethereum ETFs. With the added appeal of staking yields, investor demand could grow even stronger.
Disclaimer:
I am not a financial advisor. This content is for informational and educational purposes only.
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