Solana ETF Approval Nears as SEC Fast-Tracks Review, Price Surges 5%

The U.S. Securities and Exchange Commission (SEC) has accelerated the review process for spot solana ETFs, signaling a potential approval within 3-5 weeks. In a significant development, the SEC has requested updated S-1 filings from issuers within the next week, prompting market observers to raise the odds of approval to 90% for 2025. Solana''s price reacted positively to the news, jumping 4-5% to approximately $165. This bullish momentum reflects growing investor confidence in Solana''s regulatory prospects and its position as a leading blockchain platform. The anticipated ETF approval could further solidify Solana''s role in the mainstream financial ecosystem, attracting institutional capital and driving long-term price appreciation.

Solana ETF Approval Could Come Within Weeks as SEC Accelerates Review Process

The U.S. Securities and Exchange Commission has taken a significant step toward approving spot Solana ETFs, requesting updated S-1 filings from issuers within the next week. Market observers now anticipate potential approval within 3-5 weeks, with Bloomberg Intelligence raising its odds to 90% for 2025.

Solana''s price reacted immediately to the regulatory development, jumping 4-5% to approximately $165. Major asset managers including Grayscale, VanEck, and Fidelity are actively pursuing SOL ETF products, signaling strong institutional interest in the blockchain platform.

The SEC''s request specifically addresses in-kind redemptions and staking approaches, suggesting regulators may permit staking components in the final products. This development follows Rex Shares and Osprey''s attempts to navigate regulatory requirements for Solana investment vehicles.

Moody’s and Alphaledger Test Credit Ratings on Solana for Tokenized Bonds

Moody’s Ratings and Alphaledger have successfully demonstrated how municipal bond credit ratings can be embedded into blockchain-based securities using Solana. The trial tokenized a simulated bond, with Moody’s credit rating automatically attached on-chain via an API. This innovation addresses the challenge of standardized information in decentralized markets, potentially enabling real-time decision-making for institutional investors.

"We’ve shown a scalable model that unlocks liquidity for real-world assets by leveraging trusted brands like Moody’s," said Alphaledger CEO Manish Dutta. The experiment underscores blockchain’s role in enhancing traditional financial infrastructure as major institutions explore tokenization.

Moody’s Trials Crypto Tokenization of Bond Rating on Solana Blockchain

Credit rating agency Moody’s Corp. has successfully demonstrated the tokenization of municipal bond ratings on the Solana blockchain, marking a significant step toward blockchain integration in traditional finance. The trial embedded simulated ratings into blockchain-based securities, showcasing how trusted credit data can MOVE beyond legacy systems.

By leveraging Solana''s public blockchain, Moody’s aims to address the lack of standardized information transfer that hinders institutional adoption. Tokenized ratings could enable real-time decision-making for traders and portfolio managers, potentially revolutionizing debt instrument analysis.

The experiment underscores blockchain''s complementary role to existing financial networks, with implications for bonds, funds, and credit markets. Tokenization promises operational efficiency, interoperability, and faster settlements compared to traditional infrastructure.

Andrew Tate''s Hyperliquid Trade Exposed as Loss-Making Strategy

Controversial influencer Andrew Tate faces scrutiny after promoting a supposedly profitable trade on decentralized exchange Hyperliquid. Blockchain analysts revealed the associated wallet was actually $600,000 underwater, contradicting Tate''s deleted tweet claiming 138.5% gains.

The incident highlights the transparency of decentralized platforms, where wallet activity remains publicly verifiable. Tate doubled down with bravado, vowing to recover losses with a single trade—a statement met with skepticism from the crypto community.

This follows Tate''s earlier attempt to associate with Solana Foundation through an unauthorized Web3 hackathon promotion. The foundation swiftly distanced itself from the event, underscoring the risks of influencer-driven crypto marketing.