Summary
- Asset management firm CoinShares has reportedly submitted an application for a Solana (SOL) spot ETF to the SEC.
- Bloomberg analysts commented that rapid approval of the Solana spot ETF is unlikely, referencing precedent with several months of repeated document submissions and amendments during the approval process.
- According to Bloomberg, the probability of the Solana ETF being approved this year is projected to be 90%.
Asset management firm CoinShares has reportedly submitted an application (S-1) for a Solana (SOL) spot Exchange-Traded Fund (ETF).
On the 16th (local time), Bloomberg ETF analyst Eric Balchunas said on X (formerly Twitter), "This morning, CoinShares submitted a Solana spot ETF application to the U.S. Securities and Exchange Commission (SEC)," and added, "There are now eight Solana ETF applicants." However, the prospects for a rapid approval of the Solana spot ETF appear to be slim. The previous day, Bloomberg ETF analyst James Seyffart commented that "it will be difficult for the Solana spot ETF to be approved next week," noting that the approval process for Bitcoin spot ETFs also involved several months of repeated document submissions and adjustments. According to Bloomberg, the probability of Solana ETF approval within the year is projected to be 90%.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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