Vaneck, 21Shares, Bitise, Grayscale, Canary and Franklin Templeton are one of the asset management companies awaiting approval from the SEC of Solana ETF.
Companies are aiming to become fund managers who are trying to provide exposure to next-generation blockchain technology.
Large major and asset management companies have applied for Solana (SOL) spot ETFs with the US Securities and Exchange Commission (SEC), which begins in 2024. These companies want to take advantage of the growing demand for regulated crypto investment products beyond Bitcoin and Etherum.
Institutions and mainstream investors are using Solana to seek diverse crypto exposure, as they are considered one of the most innovative altcoins by their market capitalization. It has become extremely attractive to fund managers looking to provide exposure to next-generation blockchain technology.
A list of SolanaETFs waiting for SEC approval
- Vanek Solana Trust: Application submitted via Form S-1 registration in June 2024. It became the first US Solana ETF application.
- 21Shares Core Solana ETF: Application submitted via Form S-1 registration in June 2024. I'm planning a list of CBOEBZXExchange.
- Bitwise Soloet: The initial application submitted in November 2024 was later re-evaluated directly in SEC for Spot Products via Form S-1.
- Grayscale Solana ETF: An application submitted in January 2025 to convert an existing GSOL trust into a spot ETF from NYSE ARCA listings.
- Canary: Applications submitted via Form S-1 between late 2024 and early 2025 were submitted for the Solana ETF spot Solana ETF during post-election filings.
- Franklin Templeton Solana ETF: Applications submitted on both Form S-1 and 19B-4 in March 2025 are listed in the CBOE BZX Exchange.
- FidelitySol Etf: An application was submitted using Form 19B-4 via CBOE BZX on March 25, 2025, to wager a portion of SOL Holdings and allow ETFs to generate yields. This application was officially approved by the SEC in April 2025.
- Investco Galaxy Sol Etf: Applications submitted via CBOE BZX on June 25, 2025 target spot exposures with integrated staking rewards.
- Rex shares sol etf: The application filed on May 30, 2025 was marked as “immediately effective” and indicates that launches could occur soon.
- Galaxy Digital Solana ETF: Application submitted on June 25, 2025 to track Solana spot prices.
When will SEC approve the Solana ETF application?
Investors strive to utilize Solana's high-performance blockchain. It can process thousands of transactions per second and is widely used in distributed financial finance (DEFI), NFTS, and other innovative applications.
However, although the SEC has not yet approved the application, it is expected to make a final decision on the Solana ETF proposal by October 2025. If approved, establish Sol as a legitimate mainstream asset in traditional financial markets.
