#Solana现货ETF竞赛 🗞️ 'CoinShares officially submits Solana spot ETF application'

Yes, altcoins have finally queued up to enter the 'Wall Street cafeteria.'

After BTC and ETH, Solana also joins the race for spot ETFs. Once the news broke, there was a stir in the community, and the Solana faction exclaimed: 'We are the next Bitcoin and Ethereum!'

But wait. Don't get too excited and go all in. We still need some calm judgment to see if SOL really has a chance and which institution is most likely to serve the first ETF hot dish.

🟢 1. Does Solana really have a chance?

From a data perspective, SOL has indeed performed quite well during this cycle:

  • 🔥 TVL is warming up, the ecosystem is active, with meme, DePIN, and GameFi all mixed together;

  • 💼 High participation from US institutions, and Solana Labs is originally a 'US project party';

  • 💡 Even traditional asset managers like Franklin Templeton have come out early to support SOL.

    It seems that everything is 'in place,' but there is a key question:

⚠️ The SEC has previously clearly named: SOL is a security.

That's right, just like XRP back in the day, the kind that gets 'named and penalized.'

So, although the market really wants it, if the regulators don't loosen up, it will be very difficult for this to 'make big things happen.'

🥇 2. Who is most likely to break through?

Among the list that has come out, there are already 8 institutions interested in the SOL ETF, including:

  • VanEck

  • Franklin Templeton

  • CoinShares

  • ARK Invest

  • Grayscale (an old acquaintance) and others

Now let's see who the real 'tough character' is 👇

1️⃣ VanEck: An ETF veteran, quick to act, and not afraid to speak out

  • Release a research report in advance (SOL is a commodity, not a security)

  • Apply while educating, with PR leading the way, the SEC will have to hear their voice

✅ Highly likely to be one of the first candidates to list SOL in a wrapped format

2️⃣ Franklin Templeton: A traditional heavyweight with resources

  • Never speaks nonsense, but every move is significant

  • They don't rely on memes to start, but they understand where 'money' needs to flow

3️⃣ Grayscale:

  • It is one of the largest trust holders of SOL, but had a fierce legal battle with the SEC before

  • It's like a class monitor who always likes to sue the teacher; the teacher doesn't necessarily love to grade his homework.

🎯 3. Will Solana be the next big hit for spot ETFs?


My judgment is:

🟡 There is hope, but not so soon.

🔑 The key is not 'whether institutions are queuing up,' but 'whether the SEC is loosening up.'

If the Republican Party wins the election this year (especially if Trump is in power), crypto policies are likely to loosen, greatly increasing SOL's chances of ETF approval. But until then, everything remains a 'paper candidate.'

For SOL to go on ETF, it is both an opportunity and a test

For retail investors, this means:

  • ✅ Can position in advance for trends (like ETF speculation)

  • ❌ But don't gamble everything; the SEC can turn against you faster than flipping a book.

After all, the ETF matter depends on regulatory trends + political games + Wall Street PR strength, not just on how popular the meme is.