Altcoins News
By Dan Saada
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The race to start the first Solana (SOL) exchange-traded fund (ETF) in the United States just took a major leap forward.
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This move comes as the U.S. Securities and Exchange Commission (SEC) reportedly asked issuers to submit updated S-1 filings—an essential step in the ETF approval process.
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According to official filings with the Delaware Division of Corporations, CoinShares has taken a key step toward start a spot Solana ETF.
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The registration aligns with broader industry movements as the SEC continues to engage with ETF issuers following its landmark approvals of Bitcoin and Ethereum ETFs earlier in…
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The SEC has reportedly requested updated S-1 filings from multiple asset managers seeking to start Solana ETFs.
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One notable inclusion in the latest updates is the clarification of how staking will be handled within the ETF.
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Bloomberg’s senior ETF analyst, Eric Balchunas, has weighed in on the Solana ETF buzz, estimating that there's a 90% chance of SEC approval within the next two to four months.
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Balchunas noted that institutional appetite for altcoin exposure is growing rapidly. Firms like Grayscale, VanEck, Fidelity, Bitwise, and 21Shares have all lined up to file for…
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Should these ETFs be approved, they could introduce billions in new capital into the Solana ecosystem, significantly boosting liquidity and investor access.
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In response to the positive ETF news, Solana's price surged nearly 5% in the past 24 hours, reaching $166. The token traded between a low of $156.84 and a high of $167.
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Some analysts are even more bullish. Popular crypto strategist Ali Martinez predicted that if SOL manages to break the $200 resistance level, it could trigger a massive 5x to 10x…
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The ETF narrative is also likely to draw in institutional investors who have so far been restricted from investing directly in altcoins.
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While the official registration in Delaware is a critical first step, there’s still some way to go before a Solana ETF hits the market.
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The next few months will be crucial. As we saw with Bitcoin and Ethereum ETFs, once approval is confirmed, capital inflows tend to accelerate rapidly.
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CoinShares’ registration of a Solana ETF Trust marks a significant development in crypto’s ongoing integration with traditional finance.
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