Editor's PiCK
Bloomberg Analyst: "Solana Spot ETF Needs Further Fine-Tuning... Approval Next Week Unlikely"
Summary
- A Bloomberg analyst reported a low likelihood of Solana (SOL) spot ETF approval next week.
- He projected that, as with Bitcoin spot ETFs, months of repeated document submissions and adjustments will be required.
- Although approval expectations have risen due to the U.S. SEC’s request for S-1 filings, swift approval remains unlikely.
While the potential for a Solana (SOL) spot ETF approval has increased, it appears unlikely that rapid approval will happen within the next few weeks.
On the 14th (local time), James Seyffart, a Bloomberg analyst, stated on X, "Approval for a Solana spot ETF next week is unlikely. Even before Bitcoin spot ETF approval, there were months of repeated document submissions and adjustments," adding, "A similar process is expected this time as well."
Regarding staking-enabled Solana and Ethereum (ETH) ETFs, he predicted, "Though it’s hard to pinpoint the exact timing, both Ethereum staking and Solana staking ETFs will eventually appear on the U.S. market."
Recently, the U.S. Securities and Exchange Commission (SEC) requested amended S-1 registration statements from Solana spot ETF issuers, further heightening expectations for approval.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
