• TEXT= DATE: 20.06.2025 TransferMole  |  IDO  | Blockchain Service
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  • bitcoinBitcoin (BTC) $ 42,977.00 0.18%
  • ethereumEthereum (ETH) $ 2,365.53 1.12%
  • tetherTether (USDT) $ 1.00 0.2%
  • bnbBNB (BNB) $ 302.66 0.19%
  • solanaSolana (SOL) $ 95.44 1.28%
  • xrpXRP (XRP) $ 0.501444 0.1%
  • usd-coinUSDC (USDC) $ 0.996294 0.34%
  • staked-etherLido Staked Ether (STETH) $ 2,367.26 1.4%
  • cardanoCardano (ADA) $ 0.481226 2.68%
  • avalanche-2Avalanche (AVAX) $ 34.37 1.19%
  • bitcoinBitcoin (BTC) $ 42,977.00 0.18%
    ethereumEthereum (ETH) $ 2,365.53 1.12%
    tetherTether (USDT) $ 1.00 0.2%
    bnbBNB (BNB) $ 302.66 0.19%
    solanaSolana (SOL) $ 95.44 1.28%
    xrpXRP (XRP) $ 0.501444 0.1%
    usd-coinUSDC (USDC) $ 0.996294 0.34%
    staked-etherLido Staked Ether (STETH) $ 2,367.26 1.4%
    cardanoCardano (ADA) $ 0.481226 2.68%
    avalanche-2Avalanche (AVAX) $ 34.37 1.19%
image-alt-1BTC Dominance: 58.93%
image-alt-2 ETH Dominance: 12.89%
image-alt-3 BTC/ETH Ratio: 26.62%
image-alt-4 Total Market Cap 24h: $2.51T
image-alt-5Volume 24h: $144.96B
image-alt-6 ETH Gas Price: 5.1 Gwei
 

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Solana ETF approval timeline

Solana ETF approval could happen sooner than expected as SEC engages issuers

https://icn.live/wp-content/uploads/2025/06/soletf-appr.mp3
  • by ICN.live
Yousef Haddad

Solana ETF approval is moving faster than anticipated as the SEC engages directly with fund sponsors.

According to a June 10 Blockworks report, the SEC has asked Solana ETF issuers to file amended S-1 forms within one week. These amendments are expected to clarify key issues such as in-kind redemptions and how funds will handle Solana staking. The move signals that Solana ETF approval may now be closer than previously believed.

Sources involved in the discussions said the SEC aims to respond within 30 days of the new filings. If that timeline holds, decisions could come as soon as early July. This development contradicts earlier predictions that approval wouldn’t happen until October.

SEC may allow staking, a crypto game-changer

The SEC’s openness to allow limited staking in ETFs marks a potentially groundbreaking change. Two insiders confirmed that regulators are considering this unique structure. This would make Solana ETFs the first in the U.S. to involve on-chain staking.

If accepted, ETF products could actively participate in the Solana network and generate yield. This aligns with the interests of crypto-native investors looking for deeper integration with blockchain protocols. It also enhances the financial appeal of holding such ETFs.

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Big names in the race for Solana ETF approval

Several major players have joined the ETF race. Grayscale, Fidelity, Franklin Templeton, VanEck, Bitwise, 21Shares, and Canary Capital have all filed for Solana ETFs. Some are pushing to convert existing trusts into ETFs, like Grayscale did with Bitcoin and Ethereum.

On June 6, a group including VanEck, Canary, and 21Shares urged the SEC to reinstate first-to-file privileges. They argued that concurrent approvals undercut early applicants who bore higher legal and compliance costs.

The surge in applications, paired with this new push for procedural fairness, creates a highly competitive slate. Everyone is vying to be the first Solana ETF approved.

Why this matters for crypto and gaming

Solana ETF approval doesn’t just impact Wall Street—it could reshape crypto gaming. Solana’s high-speed, low-fee blockchain is already popular in NFT and Web3 game development. ETF exposure may boost investor confidence in the ecosystem.

This capital inflow could accelerate development across the metaverse and play-to-earn platforms. For those building or investing in crypto gaming, it’s a sign of growing institutional support. The spotlight is on Solana not just for its tech, but for its potential to dominate both finance and fun.

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What is the current timeline for Solana ETF approval?

The SEC has asked ETF issuers to submit amended S-1 forms within a week of June 10. Insiders expect a decision within 30 days of submission, meaning Solana ETF approval could happen as early as early July. This is significantly ahead of the October timeline that analysts like James Seyffart initially predicted. The faster pace is due in part to the use of a special C-Corp format by REX Shares, which triggers a shorter SEC response time.

Why is staking such a big deal in Solana ETFs?

Allowing staking in Solana ETFs would be a first in the U.S. market. It enables funds to participate in network validation and earn rewards. This not only adds potential yield to investors but also strengthens the decentralization of the Solana blockchain. Including staking in an ETF product merges traditional finance with decentralized finance (DeFi), opening up new opportunities for institutional involvement in the crypto ecosystem.

Who are the major players filing for Solana ETFs?

Several prominent asset managers have filed for Solana ETFs. These include Grayscale, Fidelity, Franklin Templeton, VanEck, Bitwise, 21Shares, and Canary Capital. Grayscale aims to convert its existing Solana Trust into an ETF. The competition is intense, with applicants recently urging the SEC to reintroduce first-to-file approvals, citing the extra cost and effort required for early submissions.

How could Solana ETF approval impact the gaming and NFT space?

Solana is already a favored blockchain for Web3 games and NFT platforms due to its speed and scalability. ETF approval could inject more institutional trust and capital into the Solana ecosystem. This might lead to more investment in play-to-earn and metaverse projects. For gamers and developers, the effect could be a richer and more sustainable environment to build, earn, and play.

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