Solana ETF Approval Odds Rise With SEC Clarification

Major asset managers such as Fidelity, Franklin Templeton, VanEck, Bitwise, and Grayscale have amended or filed S-1 forms with the SEC for spot Solana ETFs, responding to recent SEC requests regarding in-kind redemptions and staking features. The revised filings have sparked optimism, with Bloomberg analysts estimating a 90% chance of approval by 2025 and a possible decision within two to four months. The SEC has clarified that staking within these ETFs does not automatically make them securities offerings, marking a notable regulatory shift. Solana’s price and related equities have risen amid the anticipation, reflecting positive market sentiment. Despite the momentum, analysts warn that further negotiations with the SEC may be required before any final approval is granted. The move follows recent spot Bitcoin and Ethereum ETF approvals, indicating a more crypto-friendly regulatory landscape in the U.S.