7 Solana ETF Issuers File S-1, Analyst Doubts Next Week Approval
Seven Solana ETF applicants submitted S-1 statements to the SEC on June 13, but analyst James Seyffart doubts quick approval. He notes that extensive discussions between the SEC and issuers are necessary, recalling the lengthy process before the Bitcoin ETF launch. Fidelity Investments filed its initial S-1 for a spot Solana ETF, while other firms like 21Shares and Grayscale submitted amendments. All filings included "staking language." Seyffart mentioned that lessons from past ETF approvals may not apply to staking. He speculated that Solana ETFs could launch alongside staking approval for Ether ETFs. Bloomberg Intelligence raised the likelihood of a Solana ETF approval in 2025 to 90%. Eric Balchunas indicated a potential surge in altcoin ETFs, with Solana expected to lead.
