The U.S. Securities and Exchange Commission (SEC) is actively reviewing amended filings for proposed Solana exchange-traded funds (ETFs), signaling potential progress towards approval.
Regulators have requested issuers to submit updated S-1 registration forms, specifically seeking clarification on mechanisms for staking Solana tokens and handling in-kind redemptions within the proposed ETF structures.
According to a source familiar with the process, the SEC aims to provide feedback on these amended filings within approximately 30 days. This timeline suggests a potentially faster path to approval than some market observers initially anticipated.
Bloomberg Intelligence analyst James Seyffart projects that Solana ETFs could receive regulatory approval as early as next month. The inclusion of staking features in these ETFs is seen as a key development, potentially offering investors opportunities for passive income generation alongside exposure to Solana’s price movements.
The potential approval of a Solana ETF is viewed as a significant milestone that could open the door for investment products based on other major cryptocurrencies beyond Bitcoin and Ethereum, broadening the institutional crypto investment landscape.