Solana ETF approval date could fall between August and October 2025

• Solana ETF Approval Predicted in 2025
• VanEck, Fidelity and others battle over SOL ETF
• SEC considers including staking in Solana ETFs

Expectations for the approval of Solana ETFs in the United States remain high, with a forecast for late July or early August 2025. If the US Securities and Exchange Commission (SEC) decides to use the entire analysis period, the result could be delayed until October.

The market is closely following the movements of the eight companies that have already filed formal requests to launch Solana ETFs. They are: vaneck, 21Shares, Canary Capital, Bitwise, Grayscale, franklin templeton, Fidelity e coinshares.

A vaneck was the first to file the application about a year ago. The asset manager advocates the adoption of the “first-to-file” criterion, in which the SEC would approve ETFs in the order in which the documents are received. Currently, the company already uses the Kiln platform for Solana staking operations in its European ETP.

Soon after, the 21Shares submitted its application. The manager also supports the first-come, first-served approach and, in Europe, has the Coinbase as a staking service provider for Solana.

A Canary Capital, known for betting on altcoin ETFs such as SUI, SEI, INJ and XRP, filed its application just days before the US presidential election. Bitwise, in turn, reinforced interest in Solana with the launch of a staking ETP last December, in partnership with Marinade.

A Grayscale seeks to convert the current Solana Trust (GSOL) into a spot ETF, following the same strategy it previously used with Bitcoin and Ethereum funds. GSOL, in fact, has been trading at a premium to net asset value.

A franklin templeton, with a track record of Bitcoin and Ethereum ETFs, also submitted its proposal. The manager already has exposure to Solana in other institutional initiatives. Fidelity, with a strong presence in the investment and retirement market, is one of the favorites to attract capital flow if the ETF is approved.

Finally, the coinshares, known for its cryptocurrency products in Europe, recently entered the fray, filing its application at the same time that other asset managers filed updates required by the SEC, especially regarding the topic of staking.