SEC accelerates review of Solana ETF applications

The US Securities and Exchange Commission (SEC) has asked financial institutions to revise their applications for launching Solana-based exchange-traded funds (ETFs) and resubmit them by the end of July 2025. This move, according to crypto analytics platform Coincu, signals the regulator’s intent to expedite the approval process. Experts suggest these ETFs could launch as early as October 2025, reflecting the SEC’s growing engagement with digital assets and its push to integrate cryptocurrencies into traditional investment frameworks.

Leading applicants include asset managers Grayscale, VanEck, and Bitwise, firms with a track record of launching innovative ETF products. The Cboe BZX exchange is expected to serve as the listing platform for the new funds. Bloomberg analyst Ruben Ingram puts the probability of SEC approval for a Solana ETF at over 95%, making it one of the most anticipated crypto finance products.

Analysts at Coincu note that the launch of Solana ETFs could attract significant investment, boost the cryptocurrency’s liquidity, and drive its market capitalization, which currently stands at $79.43 billion.