- Solana ETFs are expected to gain SEC approval between October 6–10 under new streamlined rules.
- Issuers have updated S-1 filings with details like staking, fueling optimism for a quick launch.
- A potential U.S. government shutdown could cause delays, but success may open doors for more altcoin ETFs.
The crypto market’s buzzing again, this time around Solana. ETF issuers are gearing up for what they believe is an imminent green light, with approval expected sometime between October 6 and October 10. Optimism is running high, thanks to the SEC’s new generic listing standards, which cut through layers of red tape that once slowed down crypto ETF approvals. For Solana, that means a much smoother path compared to earlier attempts by other tokens.
New Rules, Faster Approvals
Before these updated rules, every crypto ETF needed its own 19b-4 filing—a process that dragged on endlessly. Now, with the generic standards in place, issuers only need to handle the S-1 form, which they’ve already amended to address details like staking. Industry voices are sounding confident, saying they have “high conviction” that Solana ETFs will go live in early October. The streamlined process feels like a turning point for crypto ETFs, potentially unlocking a rush of new products once Solana gets the nod.
The Government Shutdown Cloud
Still, there’s a catch. A possible U.S. government shutdown looms in the background, and if it happens, the SEC could freeze its review process. That would put Solana’s ETF on ice along with more than 100 other pending crypto filings. Issuers are clearly worried, though most remain cautiously hopeful the shutdown won’t derail things. If approvals do land on schedule, Solana might open the door for a wave of altcoin ETFs to follow right behind it.
