7 Solana ETF Issuers File S-1, Analyst Doubts Next Week Approval

7 Solana ETF Issuers File S-1, Analyst Doubts Next Week Approval


Seven Solana ETF applicants filed S-1 statements with the US Securities and Exchange Commission (SEC) on June 13; however, Bloomberg ETF analyst James Seyffart doubts approval will come as soon as next week.

“I think there needs to be a back and forth with the SEC and issuers to iron out details, so I doubt it. If anyone remembers the Bitcoin ETF launch, there were *A LOT* of filings over the preceding couple months before launch,” Seyffart said in a post on Friday. US-based spot Bitcoin ETFs launched in January 2024, more than ten years after crypto exchange Gemini co-founders Tyler and Cameron Winklevoss filed the first spot Bitcoin ETF application with the SEC in 2013.

“Staking language” was included in all the filings

On June 13, Fidelity Investments filed its initial S-1 registration statement for its spot Solana (SOL) ETF product, while 21Shares, Franklin Templeton, Grayscale Investments, Bitwise Investments, and Canary Capital filed S-1 amendments.

VanEck — which was the first US firm to file for a spot Solana ETF in June 2024 — was the last to submit its amended S-1 amended filing for the day.

okex
Source: James Seyffart

Seyffart said, “All of them include staking language, I believe.” While Seyffart agreed with an X user’s point that “lessons learned” from past approvals could help speed up the process, referring to spot Bitcoin and Ether ETFs, he said that no such lessons apply to staking.

It comes as spot Ether (ETH) ETF products are also under review to add the long-anticipated staking feature. 

Seyffart mulls idea of staking approval for spot Solana and Ether ETFs simultaneously

Seyffart said it is possible that the spot Solana ETFs “could theoretically” be launched with staking at the same time that the SEC approves staking for the spot Ether ETFs.

Related: Solana futures open interest hits $7.4B amid ETF speculation: Is $200 SOL next?

“But I have no insight into what will actually happen,” Seyffart said. On April 30, Bloomberg Intelligence boosted its estimated odds of the SEC approving a Solana ETF in 2025 to 90%.

Meanwhile, in January, Consensys founder Joe Lubin told Cointelegraph that Ether ETF issuers were hopeful that funds offering staking could “soon” be given the regulatory go-ahead.

On Tuesday, Bloomberg senior ETF analyst Eric Balchunas said, “Get ready for a potential altcoin ETF summer with Solana likely leading the way.”

Magazine: Older investors are risking everything for a crypto-funded retirement



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

You have not selected any currency to display

Pin It on Pinterest

Ico-Investor
Ledger
Ico-Investor
7 Solana ETF Issuers File S-1, Analyst Doubts Next Week Approval
okex
Paxful
XRP 'Healthy Correction,' Ether Supply Decline: Hodler's Digest
Hyperlane’s Warp Routes 2.0 Sends HYPER to New All-Time High
Ether May Soon Outperform Bitcoin: Michael Novogratz
3 Token Unlocks to Watch In the Last Week of June 2025
Altseason Surges On After Binance Futures Volume Hits $100B
Hedera (HBAR) Gains 5% But Faces Bearish Challenges Ahead
Coinmama
Changelly
EigenLayer Brings Multichain AVS Support to L2 Networks
ASIC Issues Warning Over Bitget's 'Unlicensed' Crypto Futures Products in Australia
BNB High Boosts CZ’s Holdings to $75.8 Billion
Bitcoin Price Poised To Form New Highs in August as Sell-Side Risk Remains Low
EigenLayer Brings Multichain AVS Support to L2 Networks
ASIC Issues Warning Over Bitget's 'Unlicensed' Crypto Futures Products in Australia
BNB High Boosts CZ’s Holdings to $75.8 Billion