Oh, look at that. The SEC, in its infinite wisdom, is suddenly interested in Solana ETFs. Because nothing says “ready” like a corporate game of hide and seek with some paperwork. They’ve politely asked the lucky companies to resubmit their S-1 forms faster than you can say “crypto chaos.” Bet you didn’t think submitting documents could be so thrilling? Well, get ready, folks. Itâs like waiting for your toast to popâbut with higher stakes and more blockchain jargon.
Apparently, the SEC wants to know how youâre gonna get your money backâbecause whatâs crypto without a little paranoia? And staking? Oh, they want to know if itâs earning rewards or just a fancy way to help keep the lights on in the crypto neighborhood. Spoiler: itâs kinda both.
According to some rogue report (probably from a very caffeinated analyst), if everything alignsâthink unicorns, rainbows, and regulatory approvalsâyou might see a Solana ETF in your wallet by July 2025. Yes, in just three to five weeks. Because nothing screams urgency like a deadline thatâs nearly two years from now. Itâs a milestone, or a total crapshoot. Who knows?
James Seyffart from Bloombergâsounds super seriousâsays the SEC might even handle 19b-4 filings before October. Translation? Things are moving faster than a crypto influencerâs FOMO. So, hold onto your hats, because early approval isnât just a pipe dream anymore; itâs starting to look like a possibility. Or a very elaborate scam. Stay tuned.
Big names are circling the cage: Fidelity, Franklin Templeton, VanEck, Bitwise, Canary Capital, 21Shares, and Grayscale. Theyâre playing the waiting game, mumâs the word, but the industry chatter is louder than a bag of coins tumbling down a stairs. Grayscale wants to turn its Solana trust into an ETFâbecause why not? Last month, the SEC yawned and delayed their decision because apparently, paperwork takes forever in crypto land.
Meanwhile, Seyffart’s optimistic about most crypto ETF dreams coming true this year. And since Solana and XRP already have futures ETFs, the SEC might just say yesâlike giving a kid ice cream after a tantrum. The pathâs been paved with futures, and now itâs just a matter of time.
Eric Balchunas, another genius in the field, upped his odds to 90%. Why? Because CME started trading Solana futures in February. Yep, theyâre like the opening act before the main event. First futures, then the coveted ETFs. Classic recipe for a rollercoaster ride.
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2025-06-10 23:17