Amid growing interest in Solana ETFs, seven applicants submitted documents to the SEC, but analysts express doubts about a quick approval.
Solana ETF Applications and Analyst Opinions
On June 13, seven companies filed S-1 statements with the US SEC for Solana ETFs. However, Bloomberg analyst James Seyffart is skeptical about an approval coming as soon as next week. 'I think there needs to be a back and forth with the SEC and issuers to iron out details, so I doubt it,' he noted.
Inclusion of Staking Language in Applications
All submitted applications include staking language. Seyffart emphasized that 'all of them include staking language, I believe.' This is crucial as current Ether ETF products are also under review regarding the potential addition of staking functionality.
Comparison with Bitcoin and Ether ETF Approvals
Seyffart stated that it is possible for Solana ETFs to be launched at the same time as staking is approved for Ether ETFs. However, he highlighted that there is no clarity about specific timelines. Bloomberg analysts previously pegged the probability of a Solana ETF approval in 2025 at 90%.
Thus, despite the submitted applications for Solana ETFs, analysts caution against expecting rapid approval. Various details, such as staking, remain a focal point of discussions with the SEC.
