Solana News Today: Regulators Nod: Solana ETF Approval Inches Closer

Eight major asset managers have recently updated their Solana ETF applications with the U.S. Securities and Exchange Commission (SEC), signaling growing momentum for regulatory approval. Firms including Canary Capital, Franklin Templeton, VanEck, Fidelity, and Grayscale have submitted revised S-1 forms, which Bloomberg analysts interpret as evidence of active, constructive engagement with the SEC. These updates are often seen as a precursor to formal approval, suggesting that the path to Solana ETFs may be nearing completion [1]. With these resubmissions, the probability of approval has risen to approximately 95%, with decisions expected as early as October, potentially around the 16th [1].

The SEC’s recent clarification in July that custodial staking structures do not constitute securities offerings has removed a major regulatory hurdle for these products. This development has cleared the way for asset managers to continue refining their applications, with the regulatory landscape now appearing more favorable than previously anticipated [1]. Additionally, an early Solana-linked ETF product, the REX-Osprey Solana + Staking ETF, has already been approved under the 1940 Act, serving as a regulatory benchmark for new entrants [1].

Industry experts anticipate robust demand for Solana ETFs upon their launch, with forecasts estimating inflows of up to $8 billion. This optimism is rooted in Solana’s recent performance, which has outpaced major cryptocurrencies like Bitcoin and Ethereum. The token has surged 33% since early August and gained 23.5% in the past month, partly due to a broader shift in investor capital away from leading cryptocurrencies toward altcoins with strong fundamentals and scalability [2].

Transaction volume on the Solana network has also seen a 20% increase over the past month, averaging $6 billion per day [1]. This uptick in usage has reinforced Solana’s position as a high-capacity blockchain network and has drawn comparisons to Ethereum’s earlier trajectory. Arca’s Jeff Dorman has highlighted how Ethereum’s 200% price rally earlier in the year—spurred by stablecoin adoption, ETF inflows, and institutional demand—could serve as a template for Solana’s next phase of growth. With up to $2.65 billion in Solana-focused digital asset treasuries set to deploy capital in the coming month, the token is well-positioned to respond to new inflows, particularly given its smaller market cap relative to Ethereum [2].

Analysts are also observing a broader trend of institutional and retail capital reallocating toward altcoins. YouHodler’s head of risk, Sergei Gorev, noted that liquidity is shifting from Bitcoin and Ethereum to tokens with strong fundamentals, such as Solana and XRP. This reallocation reflects a growing appetite for diversified exposure to blockchain networks with proven scalability and developer activity [2]. The upcoming ETF approvals are expected to further catalyze this trend, with Solana’s strong technical performance and regulatory progress making it an attractive asset for traditional investors seeking exposure to the crypto market.

The Solana ETF news has also triggered broader market speculation and investor sentiment shifts. While the exact timing of regulatory approval remains uncertain, the coordinated efforts among asset managers and the SEC’s evolving stance suggest that the approval process is in its final stages. This anticipation has already driven a 34% gain for Solana relative to Bitcoin in the past month and a 14% increase against Ethereum [2]. As the digital asset market continues to evolve, the potential approval of Solana ETFs marks a significant milestone in the integration of cryptocurrencies into traditional financial products.

Source:

[1] title1 (https://www.tribuneindia.com/partner-exclusives/eight-issuers-update-sec-filings-as-interest-in-a-potential-solana-etf-grows/)

[2] title5 (https://www.coindesk.com/markets/2025/09/03/solana-outperforms-bitcoin-possibly-poised-to-follow-ether-s-recent-200-rally-says-analyst)