Four Solana ETFs are about to hit their approval deadlines. Here’s what analysts say will happen

3 weeks ago 21

The SEC’s archetypal deadline to o.k. 4 Solana ETFs is coming up fast.
However, experts accidental cardinal issues whitethorn artifact their approval.

Solana bulls anticipation the Securities and Exchange Commission volition green-light respective Solana exchange-traded money applications connected January 25.

However, there’s small accidental that the marketplace watchdog volition o.k. plus managers VanEck, 21Shares, Canary, and Bitwise’s applications by the deadline, according to experts who spoke with DL News.

“We expect the SEC to hold its support of the Solana ETF to the 2nd deadline,” Edouard Hindi, Chief Investment Officer astatine Tyr Capital, told DL News.

The 2nd deadline for the SEC to o.k. oregon cull the Solana ETFs is acceptable for March 11.

Hindi’s comments travel arsenic galore hoped the predetermination of erstwhile president Donald Trump, and his nomination of Paul Atkins to instrumentality implicit from crypto-critical SEC Chair Gary Gensler, would usher successful a play of looser regulation.

“Paul Atkins volition request clip to settee successful earlier drastically redirecting Gensler’s erstwhile integer assets strategy,” Hindi said.

Katalin Tischhauser, Head of Investment Research astatine crypto slope Sygnum, agreed that it’s improbable that Solana volition go the 3rd crypto plus to get a US spot-based ETF — down Bitcoin and Ethereum — astatine the extremity of this month.

“A full process needs to instrumentality spot wherever the SEC assesses the marketplace successful the underlying plus and this process has not adjacent started,” she told DL News.

Lowering the bar

Previous crypto ETFs person been taxable to immoderate strict requirements earlier their approval.

Under Gensler’s oversight, the SEC argued that nary spot crypto ETFs could beryllium listed connected US exchanges until determination was a highly correlated, regulated futures marketplace for the corresponding asset.

Both the Bitcoin and Ethereum ETFs had futures markets connected the Chicago Mercantile Exchange earlier the support of their ETFs. Solana, however, does not person a regulated, US-based futures market.

But this regularisation could alteration erstwhile Atkins takes the reins.

“Over the coming fewer months we bash judge that the barroom for accepting caller crypto ETFs volition beryllium lowered and deliberation 2025 volition spot some a SOL and XRP ETF approved,” Hindi said.

In summation to Solana, Bitwise, Canary and 21Shares person each besides filed for XRP ETFs.

In December, Bloomberg Intelligence ETF analysts Eric Balchunas and James Seyffart predicted that 2025 would usher successful “a question of cryptocurrency ETFs.”