Solana ETF Approval Now Certain: Bloomberg Analyst

A United States exchange-traded fund (ETF) for Solana (SOL) could be approved very soon, according to Bloomberg senior analyst Eric Balchunas. He said on Monday that the odds of SEC approval have reached 100 percent, making the decision nearly certain.

Balchunas attributed this certainty to the SEC’s new generic listing standards, which have changed how ETF filings are reviewed. Previously, 19b-4 applications set a timeline of up to 240 days, but that clock no longer applies under the new rules.

Honestly the odds are really 100% now. Generic listing standards make the 19b-4s and their “clock” meaningless. That just leaves the S-1s waiting for formal green light from Corp Finance. And they just submitted amendment #4 for Solana. The baby could come any day. Be ready. https://t.co/5JtfTm82Wi

— Eric Balchunas (@EricBalchunas) September 29, 2025

Solana ETF Moves Closer to Approval

Under the new SEC process, ETF approvals now depend on S-1 registration statements. These statements require separate review and approval from the agency’s Division of Corporation Finance before any fund can be launched.

Meanwhile, Solana’s S-1 filing recently reached its fourth amendment. Bloomberg analyst Eric Balchunas said the move is expected to bring approval “any day now” and urged market watchers to stay alert for updates.

The SEC has also requested that crypto ETF issuers withdraw their 19b-4 applications. Former Fox Business reporter Eleanor Terrett stated that withdrawals will commence next week for applications associated with LTC, XRP, SOL, ADA, and DOGE.

Notably, applications for other coins, including BNB, are expected to follow later. The SEC aims to simplify the process and align it with the new generic listing rules.

Market Impact and Outlook for Solana ETF

Jeffery Ding, chief analyst at HashKey Group, said a Solana ETF might trigger short-term buying before its launch. He warned that prices could fall after approval, a pattern seen with previous Bitcoin and Ethereum ETFs.

Currently, SOL is trading slightly above $207, down 0.6% over the past 24 hours. In the last 12 days, it has mostly seen losses, recording eight red daily candles and only four green ones.

If approved, a Solana ETF would mark a major milestone for the cryptocurrency in the U.S. market. Analysts and traders are likely to monitor price trends as the decision approaches closely.

Moreover, the SEC’s new approach could make it easier for other digital assets to launch ETFs. With the generic listing standards in place, additional cryptocurrencies may soon gain similar regulated exposure.

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