While other altcoin ETFs were expected to be approved after the Bitcoin and Ethereum ETFs, the strongest candidates were seen as XRP and Solana (SOL).
However, in the face of developments in recent days, Litecoin (LTC) is expected to be the first altcoin to receive approval from the US after BTC and ETH.
In the face of these developments, the question of whether the approval time for Solana and XRP ETFs will be delayed comes to mind, while Bloomberg senior ETF analyst James Seyffart said that the Solana ETF launch may not be possible until 2026.
Speaking about Solana ETFs in a recent interview with Blockworks, James Seyffart stated that the launch of the spot Solana (SOL) ETF could be delayed until 2026, despite a crypto-friendly US administration coming to power.
“We may see some movement in issuers’ Solana ETF filings after President-elect Donald Trump takes office on January 20.
However, the timeline could extend into 2026, as the SEC expects 240-260 days to review applications.”
The Bloomberg analyst said the SEC is currently claiming that Solana is an unregistered security, making the review process for approving the SOL ETF more complicated due to its ongoing lawsuits against cryptocurrency exchanges.
Given James Seyffart’s long lead for the Solana ETF, Matthew Sigel, head of digital asset research at VanEck, thinks the odds of a SOL ETF listing in the US before the end of 2025 are extremely high.
*This is not investment advice.
