The U.S. Securities and Exchange Commission (SEC) is reportedly accelerating the approval process for a spot ETF tied to the Solana (SOL) cryptocurrency. According to sources cited by Blockworks, the green light could come as early as July, or within the next three to five weeks.
📄 Updated Filings Hint at Imminent Decision
The SEC has recently asked companies seeking to launch a Solana ETF to submit updated S-1 forms within a week — a move many analysts view as a strong signal that approval may be near.
The agency is expected to issue feedback on the updated filings within 30 days. Key questions the SEC has posed to applicants include:
🔹 How will investors be able to redeem their funds in crypto?
🔹 Do the proposals include staking — the process of earning rewards by supporting the Solana network?
Interestingly, the SEC is reportedly open to allowing staking as part of these products, which many believe could be a game-changer.
“If staking gets approved, it’s a game-changer,” said user Crypto Racoon on X.
🏦 Big Players Lining Up to Launch Solana ETFs
Several major asset managers have expressed interest in launching a Solana ETF, including:
🔹 Grayscale
🔹 VanEck
🔹 21Shares
🔹 Bitwise
🔹 Franklin Templeton
🔹 Canary Capital
These companies are waiting on the SEC’s final decision, while quietly fine-tuning their strategies in the background.
📊 Analysts: 90% Chance of Approval in 2025
According to Bloomberg analysts Eric Balchunas and James Seyffart, there’s a 90% chance that a Solana ETF will be approved in 2025, the same probability they assign to a potential Litecoin ETF.
Seyffart recently noted that the SEC may prioritize 19b-4 filings for Solana and even approve staking ETFs sooner than expected, hinting that issuers and industry stakeholders are actively working with the SEC’s crypto team to finalize the details.
He also pointed out that Solana and XRP already have futures-based ETFs, which typically makes it easier for the SEC to approve spot versions.
⏳ Grayscale Delay Was Procedural – Not a Rejection
Last month, the SEC delayed its decision on Grayscale’s application to convert its existing Solana Trust into a spot ETF. The commission emphasized that it had “reached no conclusions” yet, and the delay was viewed as procedural rather than a denial.
Other filings have also been postponed:
🔹 Franklin Templeton – delayed to April 30
🔹 Fidelity and VanEck – delayed to May 19
💡 What’s Next? After Bitcoin and Ethereum, Solana Takes the Spotlight
Following the historic approval of spot Bitcoin ETFs in January 2024 and Ethereum ETFs in May, investor focus has naturally shifted to the next big blockchain player. Solana is shaping up to be the next major contender.
News of the potential ETF approval has already moved the market — SOL jumped 4%, pushing the price to around $165.
#solana , #sol , #etf , #CryptoNewss , #DigitalAssets
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