Solana ETF to be Listed in Federal Register by Oct. 16,

Reporter and Producer FOX Business Eleanor TerrettThe Federal Register has published the filings of several institutions for Solana ETFs (SOL). The filings, according to Terrett’s X, include Grayscale, Vaneck Canary Capital Bitwise and 21Shares.

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According to the X Post, the Federal Register published the documents on February 18. According to the journalist, the SEC now has 240 days from the date of the filing. Financial regulators have until 16 October to make a decision on SOL ETF submissions.

🚨NEW: $SOL ETFs are filed for @Grayscale, @vaneck_us, @CanaryFunds, @BitwiseInvest You can also find out more about the following: @21Shares Yesterday, February 18, the Federal Register published the first 240 days of the clock. @SECGov Before October 16, you must engage in the review of these products and approve or reject them. pic.twitter.com/NlMAO7fF9j

— Eleanor Terrett (@EleanorTerrett) February 19, 2025

Does the SEC approve Solana ETFs?

SEC has approved Bitcoin ETFs (BTC) in 2024. This development has opened up the door for other crypto-based ETFs to be launched in the US. It is highly likely that SEC will grant approval to an SOL ETF in the coming year.

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Bloomberg ETF analysts Eric Balchunas, and James Seyffart have reported that there are 70% chances the SEC is going to approve an SOL ETF for this year. According to the duo, the financial regulator acknowledged that the 19b-4 file for the asset. The SEC doesn’t view SOL commodities despite the favorable outlook for an SOL ETF. SOL’s rejection by the SEC as a product could hinder ETF creation. The outcome of the ETF process is still to be determined.

NEW: @EricBalchunas It was interesting to see the ETF filings. The odds are high for approval. Currently, we are focusing on Litecoin Solana XRP Dogecoin.

Below is a table that includes odds, details and other information. pic.twitter.com/xaXaNXLb0M

— James Seyffart (@JSeyff) February 10, 2025

When an ETF is approved, how high can the asset go?

After the ETF’s approval, let’s suppose that Solana’s (SOL’s) price increases by the same amount as Bitcoin’s (BTC’s) does. BTC price rose from $46,105 to $92,376 in Jan. 2025. A rise of over 100% is the equivalent. SOL’s asset price would reach $343.46 if it rallies 100%. SOL would set a new record if it reached $343.46.

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SOL may not follow BTC’s movements after its ETF’s launch. In 2024, an ETF was launched for Ethereum (ETH). ETH, unlike BTC’s price, did not reach a new record high. SOL may follow the same trajectory.