The dry can erase the traces of the Gary Gensler era, but it will not be caught twice. American regulators, although forced to evolve, do not let go of nothing without resistance. And concerning the ETF Crypto being examined, one thing remains certain: time is just in a hurry for applicants, never for the institution.
In short
- Seven managers filed S-1 to launch an Solana ETF with Stoking option.
- James Seyffart doubts rapid approval despite the previous Bitcoin and Ether.
- The dry requires clarification on crypto redemptions and exact operation of the stuking mechanism.
- The process remains slow, complex, and Solana still awaits the approval to revolutionize the ETF.
An endless queue for Crypto ETF
Seven asset managers have just submitted or update their file for an ETF Spot on Solana. These firms, such as Fidelity, Grayscale or Vaneck, hope to surf the momentum initiated by ETF Bitcoin. But between ambition and validation, the path is long.
Each request implies many adjustments. “” I think you need a back and forth between the dry and the issuers to settle the details, so I doubt it “, Comments James Seyffart. He underlines the slowness of the whole process. This is not new. It took more than ten years for Bitcoin to get its own ETF.
L'Addition of “Staking” In deposits still complicates the task. This mechanism, often misunderstood regulatorshowever represents the future for Solana. And that's where everything is played out. If this model passes, it could shake up the traditional codes of Crypto ETF.
A regulatory gear always as slow
The evolution of the crypto market is not enough to bring down the administrative barriers. The texts are the samedeadlines are dragged. Even with the pressure of the financial giants, the dry keeps control of the tempo.
Seyffart remains skeptical.
It is possible. But I think it's just a matter of time before the United States has both eth and soil.
This sentence sums up the current atmosphere well: everything is possible, but nothing is acted.
The authorities always ask for more details. The conditions of redemption, the methods of security, the distribution of the awards … so many elements to be clarified. And the more unknown there are, the more the process slows down.
Meanwhile, financial products issuers are gnawing their brakes. Slowness is no longer a surprise, but it remains an obstacle. The crypto evolves, regulators trample. Solana, yet ready to revolutionize the sector, is still waiting for her time.
The figures that summarize the wait:
- 7: This is the number of actors who updated their request for an Solana ETF this week;
- 2025: The year targeted by Bloomberg for possible approval by an ETF Solana;
- 2: The key elements to be clarified according to the dry: the management of redemptions and stuking;
- 90 %: the probability estimated by Bloomberg that Solana obtained an ETF in 2025;
- 1: Only an ETF Bitcoin has crossed all the steps so far.
While 70 ETF Crypto await the approval of the dry this year, the commission gives the impression of playing the watch. Faced with the influx of requests, the regulatory agency seems to handle the clock as a weapon. One certainty: the wait is just beginning for Solana projects.
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