BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews

Solana ETF Approval Odds in July Surge: Here is What Big Money is Doing to Prepare

by Sham
June 17, 2025
in Crypto, Finance, Opinion, Solana
A A
Solana ETF Approval Odds in July Surge: Here is What Big Money is Doing to Prepare
2
SHARES
Share on TwitterShare on Reddit
  • CoinShares has filed with the SEC to launch a spot Solana ETF, joining seven other firms in the race.
  • The ETF would track the CME CF Solana-Dollar rate and include cold storage custody, with possible staking rewards.
  • Approval odds sit around 70%, but analysts don’t expect a decision before Q4 2025.

CoinShares, one of Europe’s top digital asset managers, just threw its hat into the ring in the U.S. Solana ETF race. The firm filed an S-1 with the SEC on June 13, aiming to launch a spot Solana (SOL) exchange-traded fund on Nasdaq—another major push from institutional players trying to get direct exposure to this fast-moving blockchain ecosystem.

JUST IN: Solana $SOL ETF has a 70% chance to be approved in July, according to Polymarket pic.twitter.com/4D6RoyhVzc

— BlockNews (@blocknewsdotcom) June 17, 2025

The proposed ETF would track the CME CF Solana–Dollar Reference Rate, giving investors a clean, regulated way to tap into SOL without the hassle of direct custody. Speaking of which, Coinbase Custody Trust and BitGo have been tapped to keep the assets locked away in cold storage. Interestingly, some of the holdings might also be staked through chosen providers to generate passive rewards, the filing noted.

Eight Firms in the Race – But When Will the SEC Blink?

This latest filing adds CoinShares to a growing list of asset managers going all in on Solana. VanEck started the wave earlier this year, and now big names like Fidelity, 21Shares, Grayscale, Franklin Templeton, Bitwise, and Canary Capital have followed. That brings the total to eight contenders, according to Bloomberg ETF expert Eric Balchunas.

Still, while the interest is heating up, the SEC isn’t rushing anything. Regulators have reportedly asked issuers to clarify how they’ll manage in-kind redemptions—a core feature for ETF functionality—and although there’s been some openness toward staking, there’s no green light just yet.

Approval Odds at 70%—But You Might Be Waiting a Bit

James Seyffart from Bloomberg thinks approval will come—but not right away. His latest forecast pegs the odds around 70%, with the first possible green light coming no earlier than late June or early July. More realistically? Probably sometime in Q4 this year.

Solana’s appeal is obvious: it’s fast, scalable, and a lot cheaper to use than Ethereum. Developers love it, and institutional interest is clearly ramping up. That said, concerns around volatility, security hiccups, and regulatory clarity still hover overhead.

Solana Sol Price Chart

Even so, CoinShares’ filing is just one more sign of where the market is heading. As the SEC sifts through this fresh batch of ETF proposals, everyone—from hedge funds to retail traders—is waiting to see what doors might open next in the regulated crypto investment world.

Tags: BitGoCanary CapitalCoinSharesSolanaSolana ETF
Tweet1ShareShare1

DON'T MISS THESE! HOT OFF THE PRESS

Dogecoin Slides Into Familiar Territory, But Is Another Bounce Coming?
Crypto

Dogecoin Slides Into Familiar Territory, But Is Another Bounce Coming?

June 18, 2025
Solana Faces Rough Waters as Whales Shift Gears and ETF Hopes Stall
Crypto

Solana Faces Rough Waters as Whales Shift Gears and ETF Hopes Stall

June 18, 2025
BNB Network Explodes With Activity—But Can Price Catch Up?
Binance BNB

BNB Network Explodes With Activity—But Can Price Catch Up?

June 18, 2025
Ripple Just Moved 200M XRP—And Everyone’s Asking Why
Crypto

Ripple Just Moved 200M XRP—And Everyone’s Asking Why

June 18, 2025
Midnight’s Glacier Drop Set to Shower 37 Million Wallets With Free Tokens: Everything You Need to Know
Cardano

Midnight’s Glacier Drop Set to Shower 37 Million Wallets With Free Tokens: Everything You Need to Know

June 18, 2025
Ethereum Slips Again, But On-Chain Metrics Hint at a Bigger Move Coming
Crypto

Ethereum Slips Again, But On-Chain Metrics Hint at a Bigger Move Coming

June 18, 2025
Load More

Related News

Dogecoin Slides Into Familiar Territory, But Is Another Bounce Coming?

Dogecoin Slides Into Familiar Territory, But Is Another Bounce Coming?

June 18, 2025
Solana Faces Rough Waters as Whales Shift Gears and ETF Hopes Stall

Solana Faces Rough Waters as Whales Shift Gears and ETF Hopes Stall

June 18, 2025
BNB Network Explodes With Activity—But Can Price Catch Up?

BNB Network Explodes With Activity—But Can Price Catch Up?

June 18, 2025
Ripple Just Moved 200M XRP—And Everyone’s Asking Why

Ripple Just Moved 200M XRP—And Everyone’s Asking Why

June 18, 2025
Midnight’s Glacier Drop Set to Shower 37 Million Wallets With Free Tokens: Everything You Need to Know

Midnight’s Glacier Drop Set to Shower 37 Million Wallets With Free Tokens: Everything You Need to Know

June 18, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • Crypto
  • Memecoins
  • Technology
  • Politics
  • Finance
  • NFT
  • DeFi
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.