Rumors that the SEC may soon approve a Solana ETF have sparked strong optimism across the market, sending SOL’s price surging and raising hopes for an upcoming “ETF summer” for altcoins.
SOL Rallies as Investors Eye July Approval
The crypto market buzzed after reports emerged that the U.S. Securities and Exchange Commission (SEC) has asked potential Solana ETF issuers to update their S-1 filings within the next 30 days. This move is seen as a signal that the Commission may be preparing to approve Solana ETF products.
Following the news, SOL’s price jumped more than 4.5% in a single day. On Polymarket, an online prediction platform, betting odds for a July approval surged by 45%, reflecting growing confidence among investors. Previously, most bets pointed to a possible approval by December 2025, but this new development has shifted the timeline dramatically.
ETF analyst Nate Geraci reported that the SEC had asked issuers to revise their filings within a week, suggesting a decision could come within 3–5 weeks. He also noted the possibility that the SEC might allow staking within the ETF structure — a major incentive for investors.
Eric Balchunas, another prominent analyst, added that approval of a Solana ETF could kick off a broader “altcoin ETF summer,” with Solana leading the charge and paving the way for similar products focused on other cryptocurrencies.
Optimism Concentrated Around Solana
While the news injected enthusiasm into the market, the impact was mostly limited to Solana. For instance, the chances of a July approval for an XRP ETF increased by only 4%, and odds for December approval even declined slightly. Since expectations for an XRP ETF were already high, the new rumors didn’t move the needle much for that asset.
Although the SEC has not officially confirmed any approval timeline, its request for updated S-1 forms is seen as a strong indication of progress. After months of delays on altcoin ETF filings, this is the first clear signal that the regulatory agency may be shifting its stance.
If approved, a Solana ETF would be a major milestone for the crypto industry — potentially accelerating institutional interest and expanding the ETF landscape beyond just Bitcoin and Ethereum.
