The possibility of the Solana (SOL) ETF entering the U.S. markets by the end of 2025 is becoming increasingly plausible as regulatory and market dynamics shift in favor of digital asset products.
On Thursday, the stock exchange received four applications for spot Solana ETFs from Cboe BZX, VanEck, 21Shares, Bitwise Asset Management and Canary Capital. The applications are a significant step forward for the Solana ETF, Bloomberg Intelligence ETF analyst James Seyffart said, adding that if the SEC accepts the applications, the deadline for a decision could be early August 2025.
ETF Store President Nate Geraci expressed optimism about these developments, saying, “It appears that the SEC is engaging with issuers regarding this product, which is a positive sign.”
Optimism is further supported by the changing regulatory environment. The election of President-elect Donald Trump, coupled with a pro-crypto Congress and the resignation of SEC Chairman Gary Gensler effective January 20, 2025, has fueled speculation of a more supportive climate for digital asset innovation.
Industry leaders believe these changes will speed up the approval process. “They wouldn’t have put in the time and expense to do this if they didn’t have a good feeling that it would be successful,” said Alexander Blume, CEO of Two Prime Digital Assets, noting the precedent set by the approval of spot Bitcoin and Ethereum ETFs.
Blume also highlighted the transformative impact of ETFs on market accessibility, saying, “The ability for both institutions and retail investors to access crypto through ETFs through regulated, traditional financial channels opens up pools of capital that did not previously exist.”
The broader ETF market is witnessing historic levels of activity, with spot Bitcoin ETFs surpassing $30 billion in cumulative total net inflows for the first time, while the total ETF ecosystem reached a record $913 billion in inflows.
As the crypto industry prepares for a pro-innovation regulatory environment, industry insiders like Matthew Sigel, VanEck’s Head of Digital Asset Research, are optimistic about the Solana ETF timeline. “I think there’s a very good chance that a Solana ETF will be trading by the end of next year,” Sigel said.
*This is not investment advice.