Subscribe to Bankless or sign in
The U.S. Securities and Exchange Commission (SEC) is now actively engaging with issuers on spot 
Solana ETF applications, per reporting by Eleanor Terrett of Fox News.
What’s the scoop?
- Similar Faces: VanEck, 21Shares, and Bitwise are spearheading efforts for a Solana ETF, with Bitwise recently registering in Delaware for positioning here. These firms bring substantial ETF application experience, which boosts confidence in the eventual approval prospects for a Solana ETF.
Bankless take:
The SEC's engagement with Solana ETF applications signals growing acceptance of diversified crypto ETF products beyond 
Bitcoin and Ethereum. While optimism runs high, a timeline for approval remains uncertain, and the transition to a more crypto-friendly administration in 2025 could be pivotal.
As for Solana, a potential ETF underscores its momentum as a rising crypto consumer powerhouse. And if a Solana ETF does arrive in the near future, the floodgates would be opened for other crypto ETFs to follow suit after that.
2
0
