- SEC inquires prompt Solana ETF filing updates, featuring staking.
- Approval odds for Solana rose to 91%.
- Institutional inflows and Solana’s price potentially rise.
Increased SEC engagement in Solana’s ETF filings introduces the prospect of regulated staking, signaling potential increased institutional interest in Solana.
The SEC’s current focus on Solana ETF filings emphasizes the inclusion of staking, driving approval odds higher. Applicants updated filings based on SEC requests, with the agency reviewing these updates over the next months. Grayscale, along with other major sponsors like VanEck and Bitwise, have submitted proposals responding to these inquiries. Their focus lies on enhanced fund structures aligning with regulatory expectations.
Market Reactions and Financial Implications
Anticipated approval has prompted positive market reactions, notably pushing Solana’s value up by 4%. Financial sectors see this potential regulatory acceptance as a catalyst for increased investment into Solana, signaling higher capital inflows once approval is formalized. Solana’s introduction of staking in its ETF filings may reshape institutional investment strategies, potentially leading to higher staking rewards and network participation. Historical ETF approvals like those of Bitcoin and Ethereum have generally resulted in price rallies and liquidity enhancement, pointing to potential similar outcomes for Solana.
“Bloomberg analysts Eric Balchunas and James Seyffart place the likelihood of approval for both Solana and Litecoin ETFs in 2025 at 90%.”
Industry analysts Benjamin Balchunas and James Seyffart project Solana’s ETF approval probabilities at 90% by 2025, attributing these figures to recent SEC feedback and broader regulatory acceptance trends.
