Solana ETF Faces Potential Delays Until 2026, Analysts Warn
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SEC Lawsuits Complicate Approval Process
According to Bloomberg analyst James Seyffart, the SEC’s ongoing lawsuits against crypto exchanges—which claim that Solana qualifies as an unregistered security—create a major roadblock. Until the SEC clarifies Solana’s classification, it cannot be considered for a commodities-based ETF, further delaying the process.
Even with a more favorable administration, the SEC’s standard review period of 240–260 days could push approval timelines well beyond 2025.
Trump’s Pro-Crypto Stance vs. Regulatory Barriers
Trump has promised to support crypto innovation, marking a stark contrast to the Biden administration’s strict enforcement approach. While the SEC has approved Bitcoin and Ethereum ETFs, it has stalled on altcoin-focused funds, including Solana. Many applications have been ignored or dismissed without acknowledgment.
Industry Optimism Amid Uncertainty
Despite regulatory concerns, some industry leaders remain hopeful. Matthew Sigel of VanEck believes that a Solana ETF could still debut in late 2025. Others see the rise in altcoin ETF filings as speculative bets on a pro-crypto shift under Trump.
While optimism exists, the regulatory landscape remains complex, and significant hurdles must be overcome before Solana ETFs become a reality.
