11.06.2025 00:20

The U.S. Securities and Exchange Commission (SEC) is reportedly expediting the approval process for several proposed Solana exchange-traded funds (ETFs), potentially granting approval within three to five weeks, according to sources cited by internet sources. This accelerated timeline follows the SEC's request for expedited submission of updated S-1 forms from prospective ETF issuers, a move strongly suggesting imminent regulatory decisions.

Sources suggest that these requested filing modifications are directly contributing to a faster approval process, potentially resulting in approvals as early as July. This is considerably ahead of the October deadlines for most SEC decisions on these applications. Furthermore, internet sources indicate that the SEC is committed to providing feedback on amended S-1 forms within a month of submission.

The SEC's scrutiny extends to critical investor protection aspects, particularly focusing on investor withdrawal mechanisms for cryptocurrency holdings within these ETFs. The regulatory agency is actively seeking clarification on companies' plans regarding staking, a process where investors earn rewards for contributing to the Solana network's operation. Notably, the SEC appears receptive to the inclusion of staking within these Solana ETF products. One cryptocurrency enthusiast, identified as Crypto Racoon on X, highlighted the transformative potential of staking approval, stating that it would significantly alter the landscape of the market.

Numerous asset management firms are vying to bring Solana ETFs to market, including notable players such as Grayscale, VanEck, 21Shares, Bitwise, Franklin Templeton, and Canary Capital. They await the SEC's final approval. Industry analysts Eric Balchunas and James Seyffart of Bloomberg have expressed confidence in the approval likelihood, estimating a 90% probability of approval for Solana ETFs in 2025 – a projection consistent with their previous forecasts.