SEC drives approval procedures for Solana ETFs

The US stock exchange supervision SEC has asked the issuers of listed Solana funds (ETFs) to update their S-1 registrations, which should indicate an early approval. While the time of approval remains uncertain, the final period is in October 2025.

The Securities and Exchange Commission (SEC) has asked the issuers of planned Spot Solana ETFs to update their S-1 registrations. This is a compulsory document with which ETF providers apply for regulatory green light for a new fund and investors receive an insight into strategy, risks and fees for the first time. According to the online portal Blockworks divided The SEC participates that it will comment within 30 days of submitting the S-1 forms. During last year's approval process for Ethereum ETFs, after the update of this forms, it did not take a month for the products to start.

The race for a Solana ETF

After the authority approved Spot ETFs for Bitcoin and Ethereum last year, companies submitted dozens of applications for funds to map Solana (SOL), XRP and other cryptocurrencies. Although analysts assess the chances of approval of Altcoin funds as high, the SEC has not yet approved a single one. Only last month the SEC has its decision -making process for Spot-Solana ETFS from BitWise and 21shares Delayed.

However, the supervisory authority officially recognized one of the applications in February. This step was significant because the SEC had previously rejected the recognition of such applications and now a final Must keep a deadline until October 2025. With the demand for updated S-1 submissions, the ball gets rolling. One of the block works sources expects approval in the next three to five weeks.

XRP-ETF also on the horizon

Shortly after Solana, XRP is likely to receive the knighthood as a fourth cryptocurrency. The same providers of the planned Solana ETFs also advertise the regulator for a fund based on XRP. Thanks to the Agreement in the case of the court second vs. ripple Nothing should stand in the way of these products. Both cryptocurrencies are As derivatives on the CME and ETFs on a futures-based trading- two requirements that were decisive for the approval of the Bitcoin and Ethereum ETFs. Other digital assets with outstanding ETF applications are Dogecoin (Doge), Cardano (ADA), Polkadot (Dot), Hbar and Avalanche (Avax).

Would love to hear directly from Atkins, but all good chance of happening. Here’s our latest odds of approval for all the dif spot ETFs via @Jseyff https://t.co/nLhYJJmO9U pic.twitter.com/4AcJVwhics

— Eric Balchunas (@EricBalchunas) April 30, 2025