Institutional/Regulatory Lens (Professional Tone)
SEC Advances Review of Spot Solana ETF Filings; SOL Gains 5%
The U.S. Securities and Exchange Commission has taken a key procedural step in evaluating applications for spot Solana (SOL) exchange-traded funds, according to a Blockworks report published Tuesday.
The agency has reportedly requested that applicants amend and resubmit their S-1 forms within a one-week timeframe, after which it will issue comments within 30 days. The update signals a shift into the formal review stage for these products.
The market reacted swiftly: SOL rose nearly 5%, climbing above $164 during post-market trading hours in the U.S.
This regulatory progress comes on the heels of last year’s approvals of bitcoin and ether spot ETFs, which spurred record inflows from institutional investors. Now, Grayscale, VanEck, Fidelity, and Franklin Templeton are among those seeking to offer Solana-based ETFs to meet growing demand for regulated crypto exposure.
If approved, a spot SOL ETF could significantly broaden institutional access to the Solana ecosystem, further legitimizing it as a core allocation within diversified digital asset portfolios.
Share this content:
