Canary Capital submitted an S1 software to the SEC to the Solana ETF, which incorporates retention and staking of Sol Tokens. The monetary establishment first utilized for the Spot Sol ETF in October 2024. The most recent software is meant to amend earlier S1 filings. ETFs have turn out to be a scorching subject inside the crypto panorama. Let’s focus on whether or not the SEC will approve the applying within the coming months.
Will the SEC approve Solana ETH in 2025?
Cryptocurrency-based ETFs had been within the highlight final yr. The US SEC made historical past in 2024 by approving 11 spot Bitcoin ETFs and eight spot Ethereum ETFs. The influx of ETFs led to each belongings reaching new highs in 2025.
The US SEC lately adopted a brand new rule to listing cryptocurrency ETFs. Beforehand, every Crypto ETF needed to undergo a protracted and sophisticated approval course of. With the brand new system, replacements of NYSE, NASDAQ, CBOE and extra can now listing Crypto ETFs extra shortly. This motion sheds mild on the SEC’s procrypt stance.
It is vitally seemingly that the SEC will approve not less than one Solana (Sol) ETF inside this yr. If not 2025, monetary watchdog might glow inexperienced with spotsol ETFs in early 2026.
If the ETF is authorized, it’s attainable that Solana (SOL) is seeing a rise in institutional advantages. Facility cash is essential in selling the worth of belongings. Sol might simply hit a brand new all-time excessive if it follows the trajectory of Bitcoin (BTC) after the potential launch of ETFs.
Up to now, the SEC has not but made any judgment on the Solana (SOL) ETF software. It has not but been seen how issues are panned out because of belongings.
