- Solana ETF approval could come by July, with a final decision expected by October, pending SEC review of updated filings.
- Issuers are required to submit revised filings, addressing in-kind redemptions and staking integration.
- Firms like Grayscale, VanEck, and Fidelity are preparing Solana ETFs, signaling increased institutional interest in digital assets.
Solana is moving closer to gaining approval for an exchange-traded fund (ETF) in the near future. Blockworks reports that the SEC is likely to make its ruling by July, although it may take until October to finalize the decision. Currently, the SEC is examining updated filings from companies that have launched Solana ETFs.
The SEC is requiring Solana ETF issuers to submit revised S-1 registration statements within the following week. The SEC will assess how the fund should handle in-kind redemptions and whether including staking in the fund is allowed. According to reports, SEC members are considering support for staking projects, which may encourage more institutions to get involved.
Grayscale’s Solana ETF Plans
James Seyffart, an analyst from Bloomberg Intelligence, expects approval to come sooner than expected. Even though the SEC’s standard review can take 240 days and ends in October, Seyffart stated the agency wouldn’t delay considering these filings. Hopefully, the SEC will move quickly and reach a decision sometime in July.
Several major asset management firms, including VanEck, Bitwise, Fidelity, Grayscale, Franklin Templeton, Canary Capital, and 21Shares, are planning to issue a Solana ETF. Grayscale is aiming to bring its current Solana Trust under an ETF, with the method the company used making ETFs for Bitcoin and Ethereum. This turn demonstrates more institutional investment in Solana as its ecosystem becomes more diverse.
Solana Follows Bitcoin’s Path
In February, the SEC stated that it has agreed to consider Grayscale’s proposal for an SOL ETF. Previously, the SEC was reluctant to approve these disclosures. Although the decision on the SOL ETF was delayed in May, the agency still did not reject it. Many regard this delay positively, since it signals that the SEC is carefully exploring the issue.
The approval of an SOL ETF would happen after Bitcoin and Ethereum spot ETFs were approved. In January 2024, authorities approved a spot ETF for Bitcoin, and Ethereum’s was approved in May 2025. In February, CME introduced SOL futures, favoring those who believe a spot ETF is on its way, since futures are often introduced before ETFs.
When the SOL ETF gets approved, it could lead to more investment from institutions and open the door for digital assets in the conventional financial system.
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