{"id":21627,"date":"2025-06-11T03:11:16","date_gmt":"2025-06-11T03:11:16","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2025\/06\/11\/sec-pushes-solana-etf-closer-to-approval\/"},"modified":"2025-06-11T03:11:16","modified_gmt":"2025-06-11T03:11:16","slug":"sec-pushes-solana-etf-closer-to-approval","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2025\/06\/11\/sec-pushes-solana-etf-closer-to-approval\/","title":{"rendered":"SEC Pushes Solana ETF Closer to Approval"},"content":{"rendered":"

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SEC Requests Revisions on Solana ETF Proposals<\/h2>\n

The U.S. Securities and Exchange Commission (SEC) is moving forward in its review of Solana<\/a> (SOL)-based spot exchange-traded fund (ETF) proposals, signaling a possible green light for approval later this year. Multiple issuers, including Grayscale, VanEck, 21Shares, Canary, Bitwise, Franklin, and Fidelity, have received requests from the SEC to update their S-1 registration filings in the coming week.<\/p>\n

The SEC\u2019s request reportedly focuses on revisions to the redemption mechanism within the proposed ETFs, including the swap structure between ETF shares and SOL tokens. Another area of regulatory attention is whether staking SOL tokens within the fund structure will be permissible, a topic that remains legally ambiguous but is increasingly relevant given the yield-generating nature of many Layer 1 assets.<\/p>\n

These developments represent a notable shift in the regulatory posture toward Solana. Bloomberg analysts have now raised the probability of a Solana spot ETF approval to 90%, up from an earlier estimate of 70%. The earliest potential approval date is currently projected for October 10, 2025, though industry watchers believe a final SEC decision could come as early as July if progress continues at the current pace.<\/p>\n

\u201cThe SEC asking for updated S-1s is a very positive signal,\u201d said Eric Balchunas, Senior ETF Analyst at Bloomberg Intelligence. \u201cIt means they\u2019re engaging with the filings rather than outright rejecting or delaying them indefinitely.\u201d<\/p>\n

Accelerated Timeline and Market Impact<\/h2>\n

According to reporting from BeInCrypto and Blockworks, the SEC is expected to return comments on the updated S-1 filings within 30 days. If issuers respond quickly, approval could arrive as soon as late July, well ahead of the official October deadline. This has sparked renewed optimism in the market, with prediction platform Polymarket showing a sharp increase in the odds of a July approval.<\/p>\n

Amid this speculation, SOL surged by over 4.5% intraday. Technical analysts noted that SOL broke above its 50-day moving average and is now testing a descending channel, with a potential target near $183 if bullish momentum continues.<\/p>\n