After the Bitcoin and Ether spot ETFs, the Solana ETFs? Not so fast, according to Bloomberg Intelligence, which estimates that these will not be approved until 2026. Why?
Solana Spot ETFs May Be Slow to Arrive, Bloomberg Says
The US crypto ecosystem is in a period of euphoria, relieved by a regulatory framework that is expected to ease in the coming months. Enough to see the arrival of new spot ETFs, after the success of the first ones? Not necessarily, according to an analyst from Bloomberg Intelligence, James Seyffart, who was interviewed by our colleagues at Blockworks.
He reminds that first of all, a change of direction is still to come: Gary Gensler will indeed leave his functions at the beginning of next week. Donald Trump’s inauguration will also take place in the coming days. This brings the question of Solana ETFs back to the table, according to James Seyffart.
???? The complete guide to buying Solana SOL easily in 2025
But it must be remembered that the SEC has historically taken a long time to approve previous ETFs. The United States financial regulator has 250 days to review the applications. We remember that for Bitcoin and Ether, she waited for the last limit before announcing her conclusions.
Open an account on N26, the crypto-friendly bank
The status of Solana (SOL) in question
The other difficulty, which could be major, is that the SEC considers that Solana SOL is a transferable securityunlike Bitcoin and Ether. She has also launched several legal actions in this regard. It therefore cannot use the BTC and ETH processes to approve a possible spot ETF based on Solana.
Proof of this reluctance of the SEC, requests for Solana spot ETFs did not receive the same receptionaccording to James Seyffart:
« Several Solana ETF applications were filed, but they were not recognized by the SEC – they were de facto denied from the start. »
???? Also in the news – Solana Seeker: the phone expected in mid-2025 – upcoming airdrop?
If a change in direction will bring more flexibility to the SEC, this therefore does not mean that the protocols surrounding crypto ETFs will be modified. Solana exists in a more uncertain area of cryptocurrency regulation, so it is likely that its arrival in spot ETFs will not follow the same scenario as for Bitcoin and Ether.
-Don’t miss the bullrun, join our experts on Cryptoast Academy
Advertisement
Source : Blockworks via YouTube
La Newsletter crypto n°1 ????
Receive a summary of crypto news every day by email ????
Some links in this article may be affiliated. This means that if you buy a product or register on a site from this article, our partner pays us a commission.
Investments in cryptocurrencies are risky. There is no guaranteed high return, a product with high return potential involves high risk. This risk-taking must be in line with your project, your investment horizon and your capacity to lose part of this savings. Do not invest if you are not prepared to lose all or part of your capital
Journalist at Cryptoast since 2017, I am passionate about the issues of decentralization, privacy and regulation. I specialize in traditional economics and finance by analyzing how news in this sector influences the cryptocurrency industry, providing a unique and informed perspective to Cryptoast readers.
Marine Debelloir
3281 articles
Related News :