Solana ETF approval could happen this summer — experts assess the chances
Date: 2025-06-12 Author: Henry Casey Categories: CRYPTO PAYMENTS
The US Securities and Exchange Commission (SEC) recently required issuers of spot exchange-traded funds (ETFs) based on Solana to update their S-1 filings within 30 days. This step caused a wave of optimism in the crypto community, which took it as a sign that the regulator is close to approving the Solana ETF.
Solana is considered one of the leading candidates among altcoins for the creation of an ETF in the US. Despite repeated postponements of the SEC's application deadlines, interest in the launch of a fund based on SOL remains high. Nate Geraci, president of The ETF Store, reported in his post on X (formerly Twitter) that the regulator asked issuers to make corrections to the S-1 in the coming week. According to him, this could lead to the approval of the Solana-ETF within three to five weeks. At the same time, the SEC is considering the possibility of including a staking option in the funds, which adds to the attractiveness of the future product.
The market reaction was quick - the price of the SOL cryptocurrency has grown by almost 4% over the past 24 hours and reached $ 164.87 by the time the article was published. Bloomberg analyst Eric Balchunas described the upcoming summer of 2025 as a potential "summer of altcoin ETFs", where Solana, in his opinion, is in the lead. In addition, on the Polymarket platform, the probability of Solana-ETF approval in July increased by 13% at once, reaching 61%. However, many market participants believe that the fund will not appear before December.
Interestingly, the positive dynamics affected Solana mainly. The chances of launching the XRP-ETF in July increased by only 4%, and even decreased in December. This is due to the fact that the crypto community is already confident in the emergence of exchange-traded funds based on Ripple, so the news about this is perceived less acutely.
Thus, the signal from the SEC and the growing interest in Solana indicate serious prospects for the launch of Solana-ETF in the near future, which can significantly affect the altcoin market and attract new investors.
Subscribe to the latest Web3 and cryptocurrency news so as not to miss important events in the industry.
