Grayscale & VanEck Double Down on Solana ETFs—SEC Showdown Looms

Wall Street’s crypto heavyweights just upped the ante. Grayscale and VanEck fired revised Solana ETF filings at the SEC this week—because nothing says 'innovation' like begging regulators for permission.

Why It Matters

Solana’s speed and low fees have made it a trader darling. Now institutional players want in—but the SEC’s allergy to progress remains the biggest roadblock.

The Backroom Game

Insiders whisper the filings include new surveillance-sharing agreements. Translation: desperate attempts to appease Gary Gensler’s obsession with 'investor protection' while dodging the obvious—that ETFs are just fee-harvesting vehicles in disguise.

What’s Next

Expect months of bureaucratic foot-dragging. The SEC will slow-walk this until 2026—unless Solana’s price action forces their hand. Either way, Wall Street always gets its cut.