Experts Predict Solana ETF Launch by Late 2025 - Cryptol

A favorable U.S. crypto policy and the success of Bitcoin and Ethereum-based exchange-traded funds (ETFs) signal the likelihood of a spot Solana ETF within the next year. Alexander Blum, CEO of Two Prime Digital Assets, shared this view in an interview with The Block.

“[Major issuers] wouldn’t invest time and resources if they weren’t confident in success. Institutional and retail access to crypto through ETFs on regulated financial channels at banks and exchanges unlocks capital pools that didn’t previously exist,” Blum noted.

On November 21, the Chicago Board Options Exchange (CBOE) submitted applications to the SEC for SOL ETFs from VanEck, 21Shares, Canary Funds, and Bitwise Asset Management. According to Blum, the SEC’s review deadlines for S-1 filings point to a decision by early August 2025.

Bloomberg analyst James Seyffart also sees the potential for a Solana ETF launch by the end of 2025, bolstered by changes in U.S. government leadership, including the imminent departure of SEC Chair Gary Gensler.

VanEck Head of Digital Asset Research Matthew Sigel believes new SEC leadership will greenlight more crypto products than in the past four years.

The launch of Solana ETFs will be a massive milestone for the SOL ecosystem + also signals a major shift for the entire crypto industry.

Beyond new single-asset funds, regulatory clarity will pave the way for actively managed products + new basket ETFs – both of which will… https://t.co/vIEaaEb3iw
— Austin Reid (@austinreid21) November 22, 2024

“Beyond single-asset funds, regulatory clarity will pave the way for actively managed products and new ‘basket ETFs,’ both of which will attract fresh channels of institutional liquidity,” said Austin Reid, Chief Revenue Officer at FalconX.

Following the application news, SOL surged, hitting a record high of $264. At the time of writing, the coin is trading around $254.