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Solana Pops 5% on Hopes of a Spot ETF Approval
Solana’s SOL token soared nearly 5%, breaking past $164, after a report from Blockworks suggested the SEC is making real progress on spot ETF approvals tied to the cryptocurrency.
According to the report, the U.S. securities regulator has asked fund managers to revise and resubmit key filings (S-1 forms) for their proposed Solana ETFs within a week. The SEC is expected to respond within 30 days — a sign the process is advancing.
This marks a major step toward making Solana ETFs a reality, much like we saw with bitcoin and ether last year. Several major players — including Fidelity, Grayscale, Franklin Templeton, and VanEck — are already in line to offer Solana funds if given the green light.
For investors, a spot ETF would make it easier to invest in Solana through traditional brokerage accounts — no wallets, no private keys, just simple exposure to price action.
