The SEC requires updated filings; Solana spot ETF is expected to be approved within 4 months.
Jun 10, 2025
The U.S. Securities and Exchange Commission (SEC) has requested the proposed spot Solana Exchange-Traded Fund (ETF) issuers to update their S-1 filings, indicating that approval may be imminent. Following the approval of spot Bitcoin and Ethereum ETFs last year, many companies have submitted fund proposals tracking cryptocurrencies such as SOL and XRP. Although analysts believe altcoin funds have a higher probability of approval, the SEC has not yet approved any such funds. Bloomberg senior ETF analyst Eric Balchunas expects the Solana spot ETF to be approved within two to four months. Solana's price rose by 4% following the release of the relevant news, and related company stocks also saw gains. Several companies declined to comment further.