Washington, D.C. June 10, 2025 – The U.S. Securities and Exchange Commission (SEC) has requested that asset managers filing to launch spot Solana exchange-traded funds (ETFs) resubmit their S-1 registration statements, indicating a possible way towards regulatory approval in the next few months.
A report by The Block claimed that the request by the SEC also contains amendments concerning in-kind redemptions and staking disclosures. These developments indicate a desire to make regulation more transparent and accommodating to Solana-based investment products.
Analyst Eric Balchunas of Bloomberg ETF now puts the probability of approval at 90 percent, and a potential launch period between August 2025 and October 2025.
Multiple large financial institutions VanEck, 21Shares, Grayscale, Bitwise, Canary Capital, and Franklin Templeton are queueing up to launch spot Solana ETFs, after the SEC previously approved spot Bitcoin and Ethereum ETFs.
Listing of Solana ETFs would become one more significant step towards the incorporation of crypto into the mainstream financial system and may eventually help to legitimize this asset class with institutional buyers.
This story is still developing.
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