According to Blockworks, the U.S. Securities and Exchange Commission (SEC) has asked issuers of spot Solana ETFs to update their S-1 filings — a move interpreted by experts as a signal that approval might be closer than expected.

SEC Requests Updates: A Green Light Ahead?

The SEC’s request came shortly after delays in processing applications from major firms such as Bitwise and 21Shares. While no altcoin spot ETFs have been approved yet, there is growing optimism that Solana, XRP, and others could soon follow in the footsteps of Bitcoin and Ethereum.

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This regulatory step suggests that momentum is building. Bloomberg senior ETF analyst Eric Balchunas predicts that approvals may occur within the next two to four months.

A Potential Launch in July?

Balchunas speculates that a basket of spot products — including Solana, XRP, Ethereum, and Bitcoin — could launch as early as July.

“There will be an avalanche of spot products. The impact won’t be as large as Bitcoin’s, but a billion-dollar inflow for Solana or XRP would be significant,” Balchunas told.

Following the news, Solana’s price spiked by 4%, from $158 to $164. Companies exposed to Solana, like DeFi Development Corp., saw a 17% increase in stock prices, while SOL Strategies shares rose by 8.4%, according to Nasdaq data.

All eyes now turn to the SEC’s next move — a decision that could reshape the altcoin investment landscape.

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