Solana ETF Approval Imminent: Analyst Predicts Mid-October Green Light
Wall Street's crypto embrace accelerates as Solana ETFs near regulatory finish line.
The Timeline Unfolds
Analysts project mid-October approvals could flood the market with institutional capital—just weeks from today's September 27 standpoint. The countdown begins for what many see as Solana's mainstream financialization moment.
Market Implications
Expect trading volumes to explode as traditional finance finally catches up with blockchain innovation. This isn't just another ETF—it's validation for the entire altcoin ecosystem.
Regulatory Chess Game
Watch how quickly bureaucrats move when Wall Street smells profit. Suddenly, the 'too risky' narrative evaporates faster than a trader's stop-loss during a flash crash.
Top Asset Managers File Updated Applications for Spot Solana ETFs
In a post on X, Geraci noted that Franklin Templeton, Fidelity, CoinShares, Bitwise, Grayscale, VanEck, and Canary Capital all filed updated documents for their proposed spot Solana ETFs.
The S-1 FORM provides detailed disclosures on fund structure, risk, and operations.
Geraci speculated that approvals could land within the next two weeks, calling October a “significant month” for digital asset products.
His remarks come shortly after the REX-Osprey Solana Staking ETF launched in the US, debuting on the Cboe BZX Exchange with $33 million in trading volume and $12 million in first-day inflows.
The ETF momentum around Solana aligns with recent market commentary positioning SOL as the next crypto asset poised for institutional adoption.
Another flurry of S-1 amendments filed today on spot SOL ETFs…
Franklin, Fidelity, CoinShares, Bitwise, Grayscale, VanEck, & Canary.
Includes staking (yes, bodes well for spot eth ETF staking).
Guessing these are approved w/in next two weeks. pic.twitter.com/g13NDFKSEU
Pantera Capital described Solana as “next in line” following under-allocation compared to Bitcoin and Ether.
Bitwise CIO Hunter Horsley added that the firm’s European-listed Solana staking ETP recorded $60 million in inflows over five trading days—evidence that “Solana is on people’s minds.”
Geraci also noted that the inclusion of staking language in U.S. filings may be a positive signal for the long-delayed approval of spot ethereum ETFs with staking features.
Ether ETF applicants have long pushed for the ability to offer yield via staking, which analysts say could “reshape the market.”
While the SEC has not yet given the green light for staking in US-listed Ether ETFs, Optimism is growing among issuers and analysts that broader altcoin exposure, and the ability to generate yield, could drive a new wave of investor interest.
Bitcoin ETFs Hold Over 1.47M BTC
Bitcoin exchange-traded products now hold over 1.47 million BTC, representing around 7% of the total supply, with U.S.-based ETFs dominating the landscape.
BlackRock’s IBIT leads with 746,810 BTC, followed by Fidelity’s FBTC at nearly 199,500 BTC, according to data from HODL15Capital.
AUGUST Global bitcoin ETF update
pic.twitter.com/6VkRsTmOU2
However, momentum appears to be cooling. In August, Bitcoin ETPs saw $301 million in outflows, while Ethereum funds attracted $3.95 billion.
Whale activity mirrors this shift, with several large holders rotating hundreds of millions from BTC into ETH ahead of key ETF developments and the historically weak September trading month.
As reported, the US Securities and Exchange Commission (SEC) is currently reviewing 92 crypto ETF applications, according to Bloomberg Intelligence analyst James Seyffart.
A detailed spreadsheet published on August 28 shows most of these filings, especially those linked to Solana, XRP, and Litecoin, are facing final decisions by October.
The wave of new applications reflects growing interest in altcoin-focused ETFs and could spark fresh capital inflows into the crypto market.
