CoinShares Files for Spot Solana ETF with SEC

CoinShares, a leading European digital asset firm, filed an S-1 for a Solana ETF with the SEC on June 13, 2025.

The filing reflects Solana’s reputation as an institutional-grade asset, drawing market and regulatory attention and creating anticipation among investors.

CoinShares, known for digital asset investments, submitted an S-1 to launch a spot Solana ETF. With no comments from leadership, the filing signifies institutional interest in Solana. Following Bitwise, Canary Capital, Grayscale, and Franklin Templeton, CoinShares is the eighth applicant in this space.

The S-1 filing by CoinShares marks increased Solana exposure within institutional domains. This uptick in regulated exposure could lead to broader investor access. The SEC has up to 240 days for review, with March 2026 as a decision checkpoint. James Seyffart from Bloomberg mentioned, “Seeing so many amended S-1s for spot Solana ETFs indicates that SEC is actively preparing for potential approvals. We believe approval could come within the next month.”

If approved, the ETF could attract notable institutional inflows. Solana ecosystem tokens and Layer 1 assets might experience volatility. This is similar to trends observed in Bitcoin and Ethereum’s ETF processes.

Market history shows spot crypto ETFs typically stimulate heightened interest and trading volumes. Market reactions remain closely watched, with investor sentiment on X/Twitter showing optimism.