Featured News Headlines
Solana ETF Filing Nears Final Approval, Market Prepares for Possible Launch
Solana ETF on the Horizon – The possibility of a Solana exchange-traded fund (ETF) in the United States appears closer than ever, according to Bloomberg senior analyst Eric Balchunas. On Monday, Balchunas tweeted that approval odds from the U.S. Securities and Exchange Commission (SEC) have jumped from a near certainty to “definite,” suggesting a major milestone for the Solana ecosystem.
SEC’s Generic Listing Standards Pave the Way
Balchunas explained that generic listing standards approved by the SEC earlier this month have rendered the traditional 19b-4 review “clock” largely irrelevant. Previously, the statutory review could take up to 240 days, but under the new framework, the fate of new ETFs now depends on S-1 registration statements, which require a separate green light from the SEC’s Division of Corporation Finance.
Balchunas noted that Solana’s S-1 filings are now on amendment #4, signaling that the launch could happen imminently. “The baby could come any day. Be ready,” he remarked, hinting at potential market excitement ahead.
Market Implications and Speculative Trading
Experts warn that a Solana ETF could trigger speculative buying before approval, followed by a potential “sell the news” correction once launched. Jeffery Ding, chief analyst at HashKey Group, drew parallels with past Bitcoin and Ethereum ETFs, noting that the U.S. spot Bitcoin ETFs accumulated $12.13 billion in the first ten weeks, while Ethereum ETFs initially faced $522.97 million in outflows before rebounding to $3.56 billion in inflows over the next three months.
Ding also suggested that Solana ETFs are unlikely to attract inflows exceeding Ethereum’s ETF in the short term, citing Ethereum’s well-established ecosystem and institutional familiarity with its asset characteristics, including critical financial infrastructure like stablecoin issuance and real-world assets.
Solana Price Movement
Despite the growing ETF anticipation, Solana (SOL) saw limited movement on the day, trading at $211.17, up less than 1%, according to CoinGecko data.
