Solana Gearing Up For Meteoric Rise Amid Reports SOL ETFs Could Be Approved In 3-5 Weeks ⋆ ZyCrypto
The post Solana Gearing Up For Meteoric Rise Amid Reports SOL ETFs Could Be Approved In 3-5 Weeks ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
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  The crypto industry scored two major wins last year when several asset managers secured long-awaited approvals to offer spot Bitcoin exchange-traded funds and their Ethereum-based counterparts in the U.S. Now, a Tuesday report from Blockworks, citing three sources familiar with the matter, suggests that US regulators are moving forward in the review process required to make funds directly tracking the price of the sixth-largest cryptocurrency by market cap a reality in the United States. SOL ETFs Are Coming Soon One source reportedly told Blockworks that the U.S. Securities and Exchange Commission (SEC) asked would-be issuers to amend their S-1 filings in the next week, with a green light potentially being given within three to five weeks. Specifically, the agency requested updates to language around in-kind redemptions and staking approaches, with an evident openness to including staking as part of Solana ETFs. “Conversations around the nuances of staking Solana in ETFs are getting underway between the SEC and hopeful Solana ETF issuers.” Advertisement
  According to the report, the SEC will comment on the S-1 forms in the next 30 days after submission. At least six companies are vying for a spot Solana ETF, including asset management giants Grayscale, VanEck, 21Shares, Bitwise, Canary Capital, and Franklin Templeton. A US Solana ETF would give greater accessibility for traditional investors who don’t have an account with a centralized exchange (CEX) and want some exposure to Solana. Blockwork’s report claiming that the approval of Solana-based funds is imminent comes as Bloomberg Intelligence analysts update their odds for all spot crypto ETFs. Spot SOL ETF Odds Top 90% Bloomberg’s senior ETF analyst Eric Balchunas posted to X, commenting on a note from his colleague James Seyffart that predicted, “ETFs that track broad crypto indexes may be approved by the SEC…
Filed under: News - @ June 11, 2025 9:20 pm