Canary Capital submitted an S1 application to the SEC to the Solana ETF, which includes retention and staking of Sol Tokens. The financial institution first applied for the Spot Sol ETF in October 2024. The latest application is intended to amend previous S1 filings. ETFs have become a hot topic within the crypto landscape. Let’s discuss whether the SEC will approve the application in the coming months.
Will the SEC approve Solana ETH in 2025?
Cryptocurrency-based ETFs were in the spotlight last year. The US SEC made history in 2024 by approving 11 spot Bitcoin ETFs and 8 spot Ethereum ETFs. The inflow of ETFs led to both assets reaching new highs in 2025.
The US SEC recently adopted a new rule to list cryptocurrency ETFs. Previously, each Crypto ETF had to go through a long and complicated approval process. With the new system, replacements of NYSE, NASDAQ, CBOE and more can now list Crypto ETFs more quickly. This movement sheds light on the SEC’s procrypt stance.
It is very likely that the SEC will approve at least one Solana (Sol) ETF within this year. If not 2025, financial watchdog could glow green with spotsol ETFs in early 2026.
If the ETF is approved, it is possible that Solana (SOL) is seeing an increase in institutional benefits. Facility money is important in promoting the price of assets. Sol could easily hit a new all-time high if it follows the trajectory of Bitcoin (BTC) after the potential launch of ETFs.
So far, the SEC has not yet made any judgment on the Solana (SOL) ETF application. It has not yet been seen how things are panned out due to assets.