🗓️ Timeline & Regulatory Update
1. SEC deadline extension to the end of July
SEC officially opens public comment period for Solana ETF applications (along with XRP), extending the deadline to the end of July 2025—the process is still ongoing.
2. S‑1 revision filing and positive signals
– Several issuers (Grayscale, VanEck, 21Shares, Bitwise, Canary, Fidelity, Franklin Templeton) filed S‑1 revisions, focusing on staking and redemptions.
– SEC responds in ~30 days, indicating an acceleration process—approval could be within 3–5 weeks after revision.
3. Approval odds are increasing
Bloomberg analysts like James Seyffart and Eric Balchunas raise approval odds:
From 76% → now 90–95% for SOL, XRP, LTC
4. Estimated ETF launch
Estimates from July–October 2025:
July: intensive review process, possible approval for SOL spot ETF early July–August.
August–October: SEC's final decision deadline in October 2025