The U.S. Securities and Trade Fee might approve a spot Solana exchange-traded fund inside the subsequent few months, in keeping with a number of sources cited by Blockworks.
The SEC has reportedly requested potential Solana (SOL) ETF issuers to submit amended S-1 registration statements by subsequent week. One supply steered an approval may arrive inside three to 5 weeks.
Two sources instructed Blockworks the company will present feedback on the up to date filings inside 30 days. The modifications concentrate on two key areas: how issuers plan to deal with in-kind redemptions and whether or not staking can be integrated into the ETF construction.
Notably, the SEC is claimed to be open to permitting staking as a part of these merchandise.
Bloomberg Intelligence analyst James Seyffart commented that approval may come as early as July, although the ultimate deadlines for SEC selections, based mostly on the 240-day evaluation interval, prolong to October. Seyffart mentioned the company might now be prioritizing 19b-4 filings associated to Solana and staking ETFs ahead of initially anticipated.
A number of asset managers are lining as much as supply a Solana ETF, together with VanEck, Bitwise, Constancy, Grayscale, Franklin Templeton, Canary Capital, and 21Shares.
Solana following Bitcoin and Ethereum ETF plans
Grayscale is aiming to transform its current SOL Belief right into a spot ETF, following the blueprint it used for its Bitcoin (BTC) and Ethereum (ETH) merchandise. The SEC formally acknowledged Grayscale’s Solana ETF proposal in February, a major shift given its previous resistance to such filings.
Whereas the SEC delayed its choice on Grayscale’s Solana ETF in Might, it acknowledged it had not but reached any conclusions. The delay was seen as procedural quite than a rejection.
Market observers took that as a constructive signal, notably after CME launched SOL futures in February, mirroring steps taken forward of Bitcoin and Ethereum ETF approvals.
CME’s launch of SOL futures has already led to the introduction of SOL futures ETFs, together with two from Volatility Shares.
Following the historic approval of spot Bitcoin ETFs in January 2024 and Ethereum ETFs in Might 2025, consideration has now turned to different prime digital property like Solana. The very existence of futures markets typically paves the best way for spot ETF approval, as seen with BTC and ETH.
