The possibility of the first spot Solana exchange-traded fund (ETF) being launched in the United States is gaining significant momentum. Betting platforms like Polymarket are showing extremely high confidence, with predictions for a 2025 approval now at 99%.
This optimism has been fueled by the successful launch of the REX-Osprey Solana + Staking ETF (SSK) in July. This product, which combines exposure to SOL with staking rewards, generated over $20 million in first-day trading. Analysts believe this success demonstrates strong investor interest and strengthens the argument for a pure spot Solana ETF.
The U.S. Securities and Exchange Commission (SEC) recently acknowledged a spot Solana ETF application from Invesco and Galaxy Digital. This formal acknowledgment starts the official review process. Although a timeline hasn't been set by the SEC, some analysts, including James Seyffart and Eric Balchunas, speculate that an approval could happen as early as October, though delays are still possible.
Invesco and Galaxy aren't the only ones in the running. Other major financial firms like Fidelity, VanEck, Bitwise, and Grayscale are also seeking approval. Grayscale, for example, is looking to convert its existing GSOL Solana Trust into an ETF.
The SEC's recent request for issuers to update their S-1 filings is seen by many as a positive sign of active engagement. With strong momentum from recent ETF launches, increased institutional interest in digital assets, and high confidence in betting markets, many believe the approval of a spot Solana ETF is imminent.
August 2025, Cryptoniteuae