Solana ETF Approval Imminent? Wall Street Whisperers Bet on Fall Launch

Solana (SOL) bulls just got fresh ammunition—analysts are placing bets on SEC approval for a spot SOL ETF by September. The crypto’s institutional credibility surge mirrors Bitcoin’s pre-ETF trajectory, though skeptics warn the SEC might slow-walk anything that isn’t BTC.

Why Solana? Lightning-fast transactions and NFT dominance make it the ‘anti-Ethereum’ darling of DeFi degens. But let’s be real—Wall Street only cares because they smell fees. If approved, expect a gold rush of ‘blockchain innovation’ PowerPoints from banks who mocked crypto six months ago.

Key hurdles? Regulatory ambiguity around SOL’s security status and Gary Gensler’s allergy to progress. Still, BlackRock’s backchannel nods suggest the smart money’s preparing. One hedge fund manager quipped: ‘We’ll trade it—just don’t ask us to explain the tech.’

Solana Climbs as SOL ETF Odds Rise

Solana is currently riding a wave of bullish momentum across its ecosystem. Its stablecoin market capitalization has surged since February, recently surpassing $13.07 billion. This signals growing trust and liquidity flowing into the network. SOL’s rally also comes amid a new pro-Bitcoin head, Paul Atkins, being appointed to the SEC. Many anticipate that Atkins will take a more relaxed approach to the crypto sector. The newly revamped SEC could also decide on a Solana SOL ETF in the coming months, which would accelerate a Solana surge to $185 and beyond.

The SEC must respond to SOL ETF proposals filed by firms including Grayscale, Bitwise, Franklin Templeton, and Hashdex for basked-style funds. Decisions on single-asset ETFs like SOL, DOGE, XRP, and ADA are expected in October, with others following in November and December. These are final deadlines, meaning the SEC, which previously delayed decisions, will be required to issue a final rulings. With the SEC being much more crypto friendly in 2025, is is highly likley according to experts that the ETFs will eventually be approved.