Canary Capital has filed an S1 software to the SEC for a Solana ETF that features holding and staking SOL tokens. The monetary establishment first filed for a spot SOL ETF in October of 2024. The newest software goals to amend the earlier S1 submitting. ETFs have change into a sizzling matter inside the crypto panorama. Let’s focus on if the SEC will approve the applying within the coming months.
Will The SEC Approve a Solana ETH in 2025?
Cryptocurrency-based ETFs have been within the highlight during the last yr. The US SEC made historical past in 2024 by approving 11 spot Bitcoin ETFs and eight spot Ethereum ETFs. ETF inflows have led to each property hitting new all-time highs in 2025. A Solana (SOL) ETF turning into a actuality could also be only a matter of time.
The US SEC just lately adopted new guidelines for itemizing cryptocurrency ETFs. Beforehand, every crypto ETF needed to undergo a prolonged and complicated approval course of. Underneath the brand new system, exchanges just like the NYSE, Nasdaq, and Cboe can now checklist crypto ETFs extra rapidly. The transfer sheds gentle on the SEC’s pro-crypto stance.
There’s a very excessive probability that the SEC will approve a minimum of one Solana (SOL) ETF someday this yr. If not in 2025, there’s a probability that the monetary watchdog will green-light a spot SOL ETF in early 2026.
There’s a risk that Solana (SOL) will see elevated institutional curiosity if an ETF is authorized. Institutional cash is vital in driving an asset’s worth. SOL might simply hit a brand new all-time excessive if it follows Bitcoin’s (BTC) trajectory after a possible ETF launch.
Thus far, the SEC has but to cross judgment on the Solana (SOL) ETF functions. How issues pan out for the asset is but to be seen.
