Are Solana ETF Approvals ‘In the Bag’? Experts Weigh In – BitRss

Despite favorable odds for approval, the debut of exchange-traded funds based on the price of Solana in the U.S. is far from certain pending regulatory review, ongoing enforcement actions, and public comment on the multiple filings. 

A lot can change for Solana hopefuls before they potentially start trading.

“Right now, the only thing that’s happened is they didn’t get a phone call telling them to go away,” Bloomberg Senior ETF Analyst Eric Balchunas told Decrypt.

The SEC began weighing applications for spot Solana ETFs this week. In this case, its deadline—which the agency has brushed up against in approving other crypto funds—can be extended as late as Oct. 16.

The Solana ETFs would further broaden access to digital asset-focused products following the dramatic success of spot Bitcoin and Ethereum ETFs since their respective approvals last year. Those funds enabled traditional financial institutions to invest billions of dollars