Solana ETFs: Experts Expect Approval in March at the Earliest

The US Securities and Exchange Commission (SEC) is expected to decide on applications for Solana ETFs in January. However, experts expect the authority to postpone its decision until March. By then, the SEC will have new members and opportunities will increase.

It has been almost exactly a year since Bitcoin ETFs were launched on the stock exchanges in the USA

Last summer, the US Securities and Exchange Commission (SEC) also allowed Ethereum ETFs. Since then, the crypto scene has been speculating about which other cryptocurrencies will also be allowed to enter the traditional financial sector as ETFs and when. Solana (SOL) is considered a hot candidate , and the SEC has received four corresponding applications. The deadline for the evaluation is January 25th – but experts are fairly certain that the SEC will use its opportunity to postpone a decision on Solana ETFs at least until March 11th, the second deadline.

One thing is clear: The SEC under its current boss Gary Gensler is extremely critical of the crypto sector. With Bitcoin, it took many years from the first applications for ETFs to their approval. The SEC later also repeatedly argued with Ethereum ETFs that determining current ETH prices based on quotes on crypto exchanges was susceptible to manipulation.

Ultimately, it was future ETFs for Bitcoin and Ethereum that first rang the bell before the coveted ETFs based on the spot market with real-time price data were allowed to launch. Solana is not yet listed as a future ETF, which could give the SEC, in its current composition, a reason to delay decisions.

But the upcoming change of power at the SEC is likely to be even more important. The designated US President Donald Trump (inauguration on January 20th) has already introduced the crypto-friendly Paul Atkins as the future SEC head. But Aktins will also need some time to find his way into his position and to realign the SEC, says Edouard Hindi from the investment department at Tyr Capital.

For this reason alone, one should not get one’s hopes up for Solana ETFs as early as January. At Polymarket , where bets on Solana ETFs are accepted, 43 percent of users currently believe that Solana ETFs will come by the end of July, and 71 percent are betting on approval by the end of the year.

Conclusion: New crypto ETFs like Solana ETFs only expected with new SEC leadership

The topic of Solana ETFs is moving the crypto industry so much because Bitcoin ETFs for BTC have proven to be a financial instrument that attracts massive amounts of capital, now more than $36 billion.

This development has driven Bitcoin to new all-time highs and Solana is hoping for similar effects. But Solana ETFs will not be realistic until March at the earliest, according to experts. Then, with the new SEC boss Aktins, the chances for XRP (Ripple) to attract fresh capital through ETFs will also increase.

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(Featured image by viarami via Pixabay)

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