- CoinShares Solana ETF SEC filing approval news update today
- Spot Solana ETF launch competition among asset managers SEC
- U.S. Securities Commission Solana ETF approval timeline and predictions
CoinShares has officially joined the competition to launch a spot Solana ETF in the United States. The digital asset manager submitted a Form S-1 registration with the U.S. Securities and Exchange Commission (SEC), showing its intent to offer a fund directly tied to Solana (SOL). This makes CoinShares the eighth firm to enter the race for a Solana ETF.
This filing follows a wave of recent activity from other asset managers. Bitwise, Canary Capital, and others have amended their S-1 forms, many of which now include staking provisions.
On the same day, Fidelity also submitted its S-1, aligning with the growing interest in crypto ETFs that provide direct exposure to alternative digital assets.
SEC Approval Likely Coming Very Soon
Bloomberg ETF analysts Eric Balchunas and James Seyffart believe regulatory approval could be close. Seyffart highlighted that the SEC has already asked several firms to revise their filings often a sign that the agency is preparing for a decision. Both analysts suggest a potential approval window within the next month.
The next step in the process will likely be the submission of a 19b-4 form by the exchange that plans to list the CoinShares SOL ETF. This filing is necessary to begin the formal SEC review. Until then, the process remains incomplete and unofficial from a regulatory standpoint.
Solana ETF Race Intensifies Among Firms
With CoinShares now in the mix, the competition to offer the first U.S. Solana ETF is heating up. Grayscale, Franklin Templeton, and Fidelity are all actively positioning themselves in the market. Meanwhile, Invesco has registered the “Invesco Galaxy Solana ETF” in Delaware, suggesting it may soon join the race as the ninth contender.
🚨BREAKING: CoinShares just filed for a Solana ETF.
The S-1 filing marks a major move toward institutional $SOL adoption.
The race is heating up! 🔥 pic.twitter.com/9Di6G7Mekv
— Coin Bureau (@coinbureau) June 16, 2025
According to the SEC, it is reportedly keen to turn around legitimate filings fast following the efforts by companies such as Rex Shares to evade through the normal filing due process.
Analysts feel this urgency will result in a concerted and accelerated approval process, and Solana ETFs could be out quicker than anticipated.
