Solana ETF May Be Approved by SEC as Early as July, According to Bloomberg Analysts.
SEC Requests Solana ETFs to Supplement Filings, Increasing Approval Likelihood
According to Blockworks, the U.S. Securities and Exchange Commission (SEC) has requested organizations submitting Solana ETF proposals to update their S-1 filings next week.
The information that needs to be adjusted includes the terms of converting fund shares to actual assets, specifically SOL, along with the potential use of SOL in the fund for Staking, Blockworks' source confirms.
NEW: "THE SEC HAS ASKED PROSPECTIVE SOLANA ETF ISSUERS TO SUBMIT AMENDED S-1 FORMS WITHIN THE NEXT WEEK, PER 3 SOURCES. THE AGENCY WILL THEN COMMENT ON THE FILINGS WITHIN 30 DAYS" - PER BLOCKWORKS' @whosknave pic.twitter.com/f0rRuAEObx
— DEGEN NEWS (@DegenerateNews) June 10, 2025
The SEC will then provide official comments on these ETF proposals within the next 30 days.
A source stated that the SEC's new move is a signal that the U.S. Securities and Exchange Commission may approve the Solana ETF in the next 3-5 weeks.
Bloomberg's ETF analyst James Seyffart even suggested that the SEC might approve the SOL ETF this July. In a recent analysis to investors, the expert wrote:
"We believe the SEC will now begin to consider the 19b-4 filings for Solana and Staking ETF earlier than expected. Issuers and other organizations in the industry have likely been working with the commission and the crypto-dedicated team to clarify regulations, but the SEC's final deadline for these proposals is not until October."
Currently, Solana ETFs are being proposed by several major Wall Street asset management companies, including Fidelity, Bitwise, VanEck, 21Shares, Canary, Grayscale, CoinShares, REX-Osprey, but no filing has been approved or received official comment from the SEC.
In April, Bloomberg analysts raised the forecast for Solana ETF approval this year from 70% to 90%, on par with Litecoin. Following are XRP ETF at 85%; Dogecoin and HBAR at 80%; Cardano, Polkadot, and Avalanche at 75%; Sui at 60%.
Forecast of approval rates for altcoin ETF proposals submitted to SEC. Source: Bloomberg (11/06/2025)
The crypto market has recently seen organizations announcing plans to establish investment funds to purchase Solana, notably including DeFi Development Corp (1 billion USD), SOL Strategies (1 billion USD), Classover (500 million USD).
SOL's price is currently in the process of recovering after a correction in early June.
SOL price movement in the past month, screenshot from CoinGecko at 08:25 AM on 11/06/2025
The U.S. Securities and Exchange Commission under the new administration and leadership of new Chairman Paul Atkins is continuously taking steps to remove legal barriers for the crypto industry, from ending crypto lawsuits, proposing exemption mechanisms for DeFi projects, to confirming that memecoins, Proof-of-Work coins, stablecoins, and Staking mechanisms of Proof-of-Stake do not violate securities laws.
Compiled by Coin68
