TLDR:
- CoinShares has filed for a spot Solana ETF in the U.S., joining several major issuers in pursuit of SEC approval.
- The move follows a wave of amended filings and comes as Bloomberg analysts estimate a 90% approval likelihood.
- Solana’s speed, cost-efficiency, and staking compatibility are drawing increased interest from institutional managers.
- SOL rose over 5% following the news, signaling strong market anticipation ahead of a potential summer approval window.
The race to list a U.S.-spot Solana ETF intensified this week as CoinShares submitted a new application to the SEC. This comes amid rising institutional activity and optimism surrounding approval prospects.
Several other major asset managers have updated their filings following feedback from the regulator. Expectations are now centered around potential SEC decisions within a few weeks. Meanwhile, attention has turned to Solana’s role in broader crypto ETF adoption.
CoinShares Joins Solana ETF Filing Wave
CoinShares officially filed a registration statement for the “CoinShares Solana ETF,” according to SEC records shared by analyst Eric Balchunas.
The filing marks CoinShares’ entry into the growing list of firms seeking a Solana-based exchange-traded fund. The registrant listed Delaware as its place of incorporation and Charles Butler as the agent for service at CoinShares’ New York office.
Coinshares jumping into the Solana spot ETF race w new filing this morning. I think we are up to 8 now. pic.twitter.com/IqJxpSGICd
— Eric Balchunas (@EricBalchunas) June 16, 2025
The Form S-1 also indicated plans for a continuous offering under Rule 415. CoinShares joins what is now believed to be at least eight active Solana ETF applicants.
Moreover, the filing reflects increasing competition among asset managers to gain exposure to Solana in regulated markets.
In a coordinated move, six major firms, including VanEck, Grayscale, Fidelity, Franklin Templeton, Bitwise, and Canary, submitted amended S-1 forms last week.
As noted by X user Fish4AI, the updates address SEC concerns over in-kind redemptions and staking mechanisms, which are central to ETF structuring. These revisions suggest issuers are aligning with regulatory expectations to expedite approval.
Bloomberg analysts reportedly estimate a 90% chance of approval, with a decision expected between July 2 and July 23. This projection has accelerated anticipation across both institutional and retail circles, signaling potential market entry within the summer quarter.
Solana’s Network Capabilities Attract Institutional Interest
Analysts note that the wave of Solana ETF filings points to growing confidence in Solana’s infrastructure. Compared to Ethereum, Solana offers faster transaction speeds and lower costs, which may appeal to institutional issuers.
The recent wave of amendments also shows the SEC’s willingness to engage with Solana-based products, unlike earlier delays faced by other digital asset proposals.
The network’s ability to support in-kind transactions and staking rewards makes it technically suitable for ETF operations. Consequently, institutional issuers appear to be validating Solana’s scalability through their filings.
SOL, the native token of the Solana network, has seen increased trading volume following the latest ETF developments. Traders now speculate on short-term price reactions tied to SEC responses. At press time, SOL is reacting positively to the news.
The token trades at $155.63 with a 24-hour trading volume of $5,172,258,485. This represents a 5.63% price increase in the past day amid a modest weekly decline of 0.19%.
The post CoinShares Files for Solana ETF as SEC Approval Odds Soar appeared first on Blockonomi.
Source: https://blockonomi.com/coinshares-files-for-solana-etf-as-sec-approval-odds-soar/