90% Chance: Solana ETF Approval Approaching

The U.S. Securities and Exchange Commission (SEC) is accelerating its process for approving spot Solana ETFs, with a July decision date now in sight. The agency’s request for updated S-1 filings by mid-June signals a strong likelihood of approval soon. This comes as the SEC seeks to clarify in-kind redemption mechanisms and potentially include staking within the fund structure. 90% approval odds are based on the SEC treating Solana as a commodity, not a security, along with robust futures markets and increasing regulatory clarity around staking.