The United States Securities and Exchange Commission (SEC) has taken a significant step toward approving a spot Solana ($SOL) exchange-traded fund (ETF). According to insiders, the SEC has requested prospective fund managers to amend their S-1 filings within a week, with plans to respond within 30 days of receiving the updated documents.
The regulator specifically asked applicants to clarify procedures for in-kind redemptions and to detail how Solana staking might be incorporated into the ETF structure. Notably, the SEC appears open to allowing limited staking participation inside the product framework — a development that could set a new precedent in crypto ETF offerings.
Several major financial firms, including Fidelity, Grayscale, VanEck, Franklin Templeton, 21Shares, Canary Capital, and Bitwise Asset Management, are competing to launch the first spot $SOL ETFs. With filings now fast-tracked using a “C-Corp” format, the timeline for approval has accelerated, sparking optimism in the market.
Industry observers predict that the SEC’s decision could come as soon as July 2025, less than five weeks after amended filings are submitted. This momentum has fueled bullish sentiment among traders and investors alike.
$SOL Price Reacts Positively to ETF News
Following the SEC’s move, Solana’s price surged over 5% in early trading, reaching around $164. Despite a brief dip to $151 earlier, $SOL has steadily recovered to trade near $155.35, signaling renewed buying interest.
Technical indicators such as the Stochastic Oscillator and Commodity Channel Index (CCI) suggest growing short-term bullish momentum. Meanwhile, the Relative Strength Index (RSI) remains neutral, indicating room for further upside before hitting overbought levels.
While $SOL’s long-term performance shows a slight decline over the past year, recent on-chain data reveals strong institutional accumulation, highlighting growing confidence from large investors and crypto funds.
Outlook: A Bullish Summer Ahead for Solana ($SOL)
With the SEC paving the way for one of the first spot $SOL ETFs in the U.S., market watchers anticipate a potential rally in Solana’s price and broader adoption. Analysts suggest that if current momentum continues and key resistance levels around $160–$165 are breached, $SOL could experience a parabolic price surge.
The forthcoming ETF approval may also catalyze further institutional investment in Solana, reinforcing its position as a leading smart contract platform in the crypto ecosystem.
Stay tuned for updates as the SEC’s review progresses and $SOL continues to build momentum in anticipation of this landmark ETF approval.