emre yumlu 
The likelihood of a Solana exchange-traded fund (ETF) trading in the U.S. market by the end of 2025 is steadily increasing.
Cboe BZX filed four applications for spot Solana ETFs on Thursday. The applications were submitted by VanEck, 21Shares, Bitwise Asset Management, and Canary Capital. The U.S. Securities and Exchange Commission (SEC) is reportedly “engaging” with the S-1 applications. According to Bloomberg Intelligence analyst James Seyffart, the final decision could come as early as August.
Since Election Day, regulatory changes have taken place. President-elect Donald Trump and a crypto-friendly Congress are preparing to take office. Gary Gensler’s resignation has sparked even more optimism among crypto advocates.
ETF Store President Nate Geraci believes it is highly likely that Solana ETFs will be approved by the end of next year. The SEC’s engagement with the applications is seen as a positive sign.
Two Prime Digital Assets CEO Alexander Blume agrees with this outlook. Blume says firms wouldn’t spend this much time and resources unless they were confident of success. He believes the success of Bitcoin and Ethereum ETFs, along with a more crypto-friendly administration, will lead to a Solana ETF.
Solana ETFs On The Way: A New Era in Crypto Markets
Last week, spot Bitcoin ETFs surpassed $30 billion for the first time since January. Following this significant milestone, total ETF flows exceeded $913 billion, breaking the previous record set in 2021.
Matthew Sigel, Head of Digital Asset Research at VanEck, commented, “Returning to a traditional disclosure-based system would create more room for innovation in the space.” He also noted that the likelihood of Solana ETFs trading by the end of 2024 is high.
Following these developments, Gary Gensler announced he would step down from his position as SEC Chairman on January 20, 2025. This news contributed to Bitcoin reaching historic highs. Meanwhile, Solana’s native token, SOL, broke its previous all-time high of $259.96, setting a new record.
Austin Reid, Head of Revenue at FalconX, highlighted that the launch of Solana ETFs would be a major milestone. New regulations will create new opportunities for institutional liquidity.
Finally, Solana’s price is currently trading around $257.40. SOL has risen more than 50% in the past month and increased 147% year-to-date.
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