Filing changes accelerated Solana ETF approvals

The US Securities and Exchange Commission (SEC) is reportedly fast-tracking the Solana ETFs with possible approvals expected in about three to five weeks, according to sources.

This comes as the SEC has requested issuers that are launching the Solana ETFs to submit their updated filings especially for the S-1 form within a week potentially signaling approvals.

Filing changes signal accelerated Solana ETF approvals

A source cited by Blockworks has suggested the filing changes could accelerate the Solana ETF approval, possibly in July or within three to five weeks, before October when most of the final deadlines for a SEC decision expire.

According to two sources that spoke with Blockworks, the SEC will provide comments the S-1 forms within a space of 30 days of submission.

The agency reportedly solicited for explanations from companies on how investors will get their money back in crypto.

It’s also pushing to know if companies plan to include staking, which means earning rewards by helping run the Solana network. The SEC is also said to be open to allowing staking as part of these products.

“If staking gets approved, it changes the game” said one enthusiast identified as Crypto Racoon on X platform.

NEW: “THE SEC HAS ASKED PROSPECTIVE SOLANA ETF ISSUERS TO SUBMIT AMENDED S-1 FORMS WITHIN THE NEXT WEEK, PER 3 SOURCES. THE AGENCY WILL THEN COMMENT ON THE FILINGS WITHIN 30 DAYS” – PER BLOCKWORKS’ @whosknave pic.twitter.com/f0rRuAEObx

— DEGEN NEWS (@DegenerateNews) June 10, 2025

Several companies are waiting for SEC approvals for Solana ETFs

Numerous asset managers are lining up to offer a Solana ETF including Grayscale, VanEck, 21Shares, Bitwise, Franklin Templeton, and Canary Capital pending approvals by the regulator.

According to Bloomberg analysts Eric Balchunas and James Seyffart, the odds of approval in 2025 are at 90%, which matches their forecast for LitecoinETF approval.

“We think the SEC may now focus on handling 19b-4 filings for Solana and staking ETFs earlier than planned.”

Bloomberg analysts.

Seyffart indicated this week that SEC may prioritize reviewing 19b-4 filings for Solana and bet ETFs sooner than expected, adding that the issuers and industry players have likely been working with SEC together with its crypto taskforce to finalize the details.

He also added that Solana and XRP already have futures-based ETFs, which usually makes it easier for the SEC to give a not to spot ETFs.

Last month the regulator delayed a decision on Grayscale’s Solana ETF indicating that it had not “reached any conclusions” on the19b-4 filing to list the proposed ETF. The delay was viewed as procedural rather than rejection.

Grayscale wants to convert its SOL Trust into a spot ETF, reflecting the path it used to list Bitcoin and Ethereum ETF funds. The firm’s filing was delayed on May 13, while Franklin Templeton’s proposal was delayed on April 30, according to SEC. In the meantime, filings by Fidelity and VanEck were postponed on May 19.

After the historic approval of spot Bitcoin ETFs in January 2024 and Ethereum ETF in May this year, attention has now turned to other top digital assets like Solana.

News of the development sent SOL 4% up, bringing its price close to $165 per trading view data.

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