SEC Acknowledges Multiple Applications for Solana ETFs

The likelihood of a spot Solana ETF is increasing as the SEC has recognized multiple filings from asset managers for these products.

The US Securities and Exchange Commission (SEC) has acknowledged several applications to list and trade Solana exchange-traded funds (ETFs). On Tuesday, the regulatory body accepted four additional filings for Solana ETFs, further enhancing the prospects for approval.

The SEC has received 19b-4 applications for a Solana ETF from Cboe on behalf of asset managers 21Shares, Bitwise, Canary Capital, and VanEck. This marks a significant milestone in the approval process, indicating the regulator’s willingness to consider these filings.

Nate Geraci, president of the ETF Store, confirmed the recent progress and noted that it was anticipated. He suggested that the SEC’s acknowledgment of the Solana ETFs was expected following the endorsement of Grayscale’s product.