Solana ETF Approval Odds Reach 100%: SEC Update

Background on Solana ETF Approval Odds

The Solana ETF approval odds have reportedly reached near certainty following recent procedural changes by the U.S. Securities and Exchange Commission (SEC). Bloomberg senior analyst Eric Balchunas announced on Monday that, with the adoption of new “generic listing standards,” the approval process for a U.S. Solana exchange-traded fund has shifted significantly. Balchunas stated, “Honestly, the odds are really 100% now… Generic listing standards make the 19b-4s and their ‘clock’ meaningless” (Decrypt).

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Historically, 19b-4 filings with the SEC initiated a 240-day review timeline, mandating that the Commission approve or reject proposed ETFs within that period. With the implementation of generic listing standards earlier this month, however, this statutory clock no longer applies. The responsibility for final ETF approval now rests with the SEC’s Division of Corporation Finance and their signoff on S-1 registration statements.

Market Reaction to the Near-Sure Solana ETF Launch

The prospect of imminent Solana ETF approval is influencing market sentiment. Jeffery Ding, chief analyst at HashKey Group, explained to Decrypt that, “A Solana ETF could trigger speculative buying ahead of approval, followed by a potential ‘sell the news’ correction once launched—similar to what we saw with Bitcoin and Ethereum ETFs.”

Recent data from SoSoValue shows that spot Bitcoin ETFs in the United States accumulated $12.13 billion in inflows in their first ten weeks. Ethereum ETFs, despite being the second-largest cryptocurrency by market capitalization, faced $522.97 million in outflows initially, but later recorded $3.56 billion in inflows over the next three months.

When asked whether Solana ETFs could outperform Ethereum’s, Ding suggested this is “unlikely” in the short term, citing institutional familiarity with Ethereum’s ecosystem and its integration with traditional financial infrastructure.

Currently, Solana’s price is up less than one percent at $211.17, per CoinGecko data, with volatility anticipated as ETF approval nears and traders react to news developments.

What’s Next for Solana ETFs and Regulatory Path

The final procedural step for Solana ETF approval is the SEC’s Division of Corporation Finance granting a formal green light to the updated S-1 filing. According to Balchunas, “They just submitted amendment #4 for Solana. The baby could come any day. Be ready,” referencing the amendment process and urgency of this regulatory milestone.

Market observers are watching for the SEC’s final decision, as it marks a significant development for cryptocurrency investment options in the United States. Should Solana ETFs be approved in line with Bitcoin and Ethereum precedents, increased market participation and new institutional investment could follow. For more updates, see our section on cryptocurrency news.