- Bitwise’s CEO hints that main progress can be made in the direction of approval of the Solana ETF this week.
- 9 institutional candidates are awaiting SEC choices as the federal government shutdown complicates issues.
- Hong Kong has accredited the world’s first Spot Solana ETF to be launched on October 27, 2025.
Bitwise’s CEO hinted that this may very well be an necessary week for the Solana ETF utility course of. The feedback come as a number of issuers await ultimate approval choices from the Securities and Trade Fee.
Within the US, 9 outstanding monetary establishments have utilized for Spot Solana ETFs. This group consists of VanEck, 21Shares, and Bitwise and is essentially the most complete organized effort into cryptocurrencies past Bitcoin and Ethereum.
Individuals aware of the three totally different ETF issuers mentioned a sensible approval timeline may very well be on the horizon. Nonetheless, the continuing U.S. authorities shutdown could have an effect on the state of affairs.
Utility reaches ultimate procedural stage
Bitwise has filed for the Bitwise Solana Staking ETF (BSOL) with the bottom price of all proposed Solana ETFs at 0.20%. The corporate beforehand submitted an replace to its Solana ETF utility, proposing so as to add staking performance to the product.
VanEck filed its “VanEck Solana Belief ETF” (VSOL) utility in June 2024, and up to date S-1 paperwork have been filed in August 2025. The fund proposes an annual administration price of 0.30%, with custodian providers supplied by Gemini Belief Firm and Coinbase Custody.
21Shares filed the “21Shares Core Solana ETF” utility in June 2024 and Kind 8-A(12B) on October 15, 2025. That is the final step earlier than you begin buying and selling. The fund can be listed on the Cboe BZX alternate and can embrace staking performance for holders.
Authorities shutdown creates uncertainty
Though the submitting course of has reached a important level, the prolonged shutdown of U.S. authorities companies has stalled SEC operations since October 1, 2025. Hong Kong turned the primary nation on the earth to approve the Spot Solana ETF, forward of the US. The product can be launched on October 27, 2025 and can present traders with regulated entry to SOL publicity via conventional funding autos.
Analysts stay optimistic about Solana’s worth trajectory whatever the ETF’s timing. Market observer Bitbull famous that SOL continues to carry the three-year assist development line. The analyst recognized $280 as a key degree and mentioned a weekly shut above this degree might set off a giant rally. The forecast suggests SOL between $400 and $500, which stays a probable goal within the present cycle.
Analyst Ali instructed that Solana, which holds assist at $180, might rebound to $230 and probably $290. SOL is presently buying and selling inside this vary as traders await readability on ETF approval and broader regulatory developments.
Bitwise CEO’s feedback a few “huge week” have fueled hypothesis that an approval course of is imminent. Nonetheless, particular particulars are unknown till an official announcement is made.
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