- SEC gives Solana ETF issuers one week to amend filings, sparking bullish investor sentiment.
- Institutional players increase SOL accumulation amid rising confidence in ETF approval timeline.
- SOL price jumps 5% as market anticipates regulatory breakthrough in crypto investment products.
The United States Securities and Exchange Commission has triggered a fresh wave of optimism across the crypto investment space. Applicants of the Spot Solana ETF have received directions to make corrections on their S-1 filings within a rigid one-week deadline.
Such updates should particularly cover the in-kind redemptions and provide a clear plan of their staking strategies. According to sources familiar with the situation, the SEC is planning to issue formal comments within the following 30 days.
Get ready for a potential Alt Coin ETF Summer with Solana likely leading the way (as well as some basket products) via @JSeyff note this morning which includes fresh odds for all the spot ETFs. pic.twitter.com/UMzih4oou7
— Eric Balchunas (@EricBalchunas) June 10, 2025
This shift marks a significant moment for digital asset regulation and could signal the imminent approval of spot Solana ETFs. Fidelity, Grayscale, VanEck, Franklin Templeton, Bitwise, Canary Capital, and 21Shares are fund managers participating in the filings.
The market has interpreted the SEC’s move as a step towards regulation in the crypto industry. The agency appears to be keen on the clarity of operations prior to the final decision, with particular emphasis on redemption procedures and staking.
According to Polymarket data, the odds of it being approved by the end of this calendar year are now 91 percent. This indicates increased optimism among traders and institutions that a green light may come much earlier than previously thought.
Surging Institutional Demand Adds Momentum Behind Approval Efforts
As per the directive of the SEC, Solana’s (SOL) price surged upwards by more than five percent on Tuesday. The token changed hands at approximately \$164 in the mid-session in North America as investors’ demand and optimism grew.
Solana’s fully diluted valuation has reached $98 billion, and its 24-hour average volume is close to $4.2 billion. This rally has been extremely reminiscent of what happened to Ethereum prior to its significant bullish runs.
Analyst Ali Martinez said that Solana is building a bullish fractal, which could lead to a breakout in the near future. Secondly, there has been an indication that institutions, such as SOL Strategies, are buying Solana in this state of elevated expectation.
#Solana $SOL breaking above $200 could catalyze a major 5X to 10X bull run! pic.twitter.com/WlkH38xE0O
— Ali (@ali_charts) June 10, 2025
Analysts reckon that this kind of institutional interest may push the SEC to make decisions on ETFs even faster. In the meantime, the SEC’s readiness to work with crypto-specific mechanics indicates a change in the overall regulatory stance.
As applicants to become an ETF are under pressure to amend filings and traders place bets on a green light, the hype around Solana keeps growing. Everything now points to a landmark ruling by the SEC coming in only a matter of weeks.
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