Major Asset Managers File Solana ETF Applications
- Major asset managers apply for Solana spot ETFs with SEC.
- Anticipated SEC decision by October 2025.
- Institutional inflows could reach $8 billion.
Major asset managers, including Grayscale and Fidelity, are filing Solana ETF applications with the SEC throughout 2024-2025, anticipating a decision by October 2025.
The potential approval could lead to significant institutional inflows, affecting Solana and possibly other cryptocurrencies, as discussions continue around staking provisions.
Leading asset managers, including Grayscale and Fidelity, are seeking SEC approval for Solana spot ETFs, with expected decisions by October 2025.
The applications indicate strong institutional interest and may diversify cryptocurrency investment landscapes, pending regulatory approval.
Grayscale and Fidelity Target Solana with ETF Filings
Multiple asset managers, including Grayscale and Fidelity, have filed applications for spot Solana (SOL) ETFs. These applications are part of a broader strategy to expand crypto offerings. Updated applications aim to address staking-related provisions, further attracting institutional investors. The SEC’s decision, due by October 2025, is highly anticipated.
Eric Balchunas, Senior ETF Analyst, Bloomberg, said, “Odds of approval at an estimated 95% for spot Solana ETF products—excluding those that feature staking elements.” Source
Solana Inflows Could Hit $8 Billion Amid ETF Buzz
The filings could significantly boost Solana’s liquidity and adoption, drawing up to $8 billion in institutional inflows. This strong interest underscores the growing role of crypto in financial portfolios. Other cryptocurrencies like Ethereum and Bitcoin might experience capital shifts, while Layer 1 competitors could face increased competition from Solana’s enhanced institutional backing.
Approval Likelihood of 95% for Non-Staking Products
Similar to the approval of Bitcoin ETFs, these applications could lead to notable price and liquidity increases for Solana. Historical ETF approvals have repeatedly sparked market interest. According to industry analysts, a 95% approval likelihood for non-staking products suggests promising market disruption and potential strategic diversification for investors. Read more in the NYSE Arca Notice of Filing.
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