Key dealers
- SEC has asked Solana ETF issuers to update their applications and potentially signal approval.
- Bloomberg Intelligence increased the solar ETF approval probability to 90%, with decisions expected in October.
US SEC has requested prospective Solana ETF issuers to submit its changed S-1 form within next week when the controller continues its review process, reported Blockworks Tuesday, with reference to three sources that are familiar with the matter.
A source suggested that the archiving changes could quickly track Solana ETF approval, which potentially arrived within three to five weeks.
SEC will comment on the S-1 form within 30 days of submission, two sources told Blockworks. The agency requested updates of language around redemptions and invested methods, with an obvious openness to include staging as part of Solana ETFs.
Grayscale, Vaneck, 21Shares, Canary Capital, Bitwise and Franklin Templeton are among the companies that conduct SEC approval for Solana ETFs. Bloomberg -Analyst Eric Balchunas and James Seyffart Peg approval 2025 at 90%and matched its forecast for Litecoin ETF approval.
Seyffart noted this week that SEC can prioritize review of 19B-4 applications for Solana and Stacke ETFS earlier than expected. He added that issuers and industry players have probably worked with Sec and its crypto -assignment group to complete the details.
SEC delayed a decision on Grayscale’s Solana ETF last month and stated that it had not “reached any conclusions” on the 19B-4 application to list the proposed Spot ETF. Grayscale tries to convert his sun confidence to a spot ETF, similar to its Bitcoin and Ethereum ETF conversions.
News about the positive development sent Sol soaring 4%, which gives its price close to $ 165 per tradingview data.
