3 Minutes
Bloomberg analyst says Solana ETF approval is certain
Bloomberg ETF analyst Eric Balchunas has declared that the probability of a Solana spot ETF receiving SEC approval is effectively 100%, citing recent regulatory moves that have accelerated the approval timeline. Market participants and institutional issuers reacted quickly: multiple firms filed amended applications to align with new listing standards, leaving S-1 clearance from the SEC’s Division of Corporation Finance as the final procedural hurdle.
What changed in the SEC process?
The U.S. Securities and Exchange Commission recently adopted generic listing standards for commodity-based trusts that apply to crypto-linked products. That shift alters the relevance of 19b-4 filings and the conventional review clock that once allowed the SEC up to 240 days to act. Under the new framework, the S-1 registration and sign-off from the Division of Corporation Finance are now the critical path to launch for spot crypto ETFs.
Impact on issuers and filings
By Sep. 30, several issuers had resubmitted amended documents to comply with the updated rules. The SEC also withdrew outstanding delay notices tied to multiple crypto ETF applications on Sep. 29, signaling that the agency intends to proceed without the lengthy pauses that previously slowed decision-making. Those developments have prompted traders and ETF watchers to nickname October "ETF Month," expecting a wave of approvals for altcoin spot ETFs.
Market reaction and SOL price outlook
The cryptocurrency market responded as optimism over approvals increased. At the time of reporting, SOL was trading around $210.61, up roughly 1.1% on the day. Analysts at crypto.news estimate that an approved Solana spot ETF could act as a major catalyst, potentially pushing SOL toward a $260 target if inflows match expectations. The broader ETF narrative also includes recent strong inflows for Bitcoin and Ethereum spot ETFs, which collectively attracted over $1 billion as markets warmed up for the season.
Altcoins and the next ETF wave
Interest in altcoin-based ETFs has grown since last year’s approval of Ethereum spot ETFs. At least nine issuers have filed to launch Solana spot ETFs, and asset managers are also pursuing products tied to XRP, Litecoin (LTC), and Cardano (ADA). If the SEC grants approvals in the coming weeks, the introduction of regulated Solana ETFs could open new passive investment channels for institutional and retail investors seeking exposure to SOL via familiar ETF structures.
What to watch next
The remaining step for issuers is final S-1 clearance by the SEC’s Division of Corporation Finance. With the withdrawal of delay notices and the adoption of generic listing standards, observers expect final decisions to arrive much faster than under the old 19b-4 timeline. As Balchunas noted, market participants should be prepared for an approval announcement at short notice. Traders and portfolio managers will be monitoring filings, S-1 activity, and any SEC communications closely over the coming days.
This evolving regulatory backdrop underscores a pivotal moment for crypto ETFs and for Solana in particular; a greenlight could usher in significant liquidity and mainstream investor access to SOL exposure through regulated ETF products.
Source: crypto
Leave a Comment