Deep Tide TechFlow News, on November 24, according to The Block, the Chicago Board Options Exchange (Cboe BZX) has received applications for a spot Solana ETF from four institutions: VanEck, 21Shares, Bitwise Asset Management, and Canary Capital. It is reported that the SEC is in 'discussions' regarding the S-1 application, and if the SEC confirms acceptance, the final deadline will be in early August next year.
Nate Geraci, president of The ETF Store, stated that the Solana ETF is expected to be approved by the end of 2025 at the latest. Alexander Blume, CEO of Two Prime Digital Assets, believes that the successful precedents of spot Bitcoin and Ethereum ETFs, combined with a more friendly regulatory environment, will lead to the launch of the SOL ETF within the next year.
