Solana ETF Approvals Looming: SEC Moves Closer to Solana Spot Funds

Last year brought a wave of optimism for crypto investors as asset managers secured approval for Bitcoin and Ethereum-based exchange-traded funds (ETFs). Now, the US Securities and Exchange Commission (SEC) appears poised to unlock similar opportunities for Solana, with reports indicating potential approvals within 3-5 weeks. Sources close to the process suggest that the SEC is currently reviewing amendments to the proposed S-1 filings from various asset management companies vying to launch Solana ETFs.