As the SEC sifts through the labyrinth of legal ink, much like a weary cobbler searching for misplaced shoes, leading asset managers have submitted amendments to their Solana filings like pigeons returning with olive branches of regulatory compliance.
These amendments, dispatched on August 29, betray an industrious race not unlike the Bolsheviks’ scramble to match the productivity of Western giants-a sincere effort to tread the path blazed by Bitcoin and Ethereum‘s well-established ETFs.
Expectations Run High on Solana ETF Inflows, Despite SEC’s Timely Doodles
James Seyffart, a sage at Bloomberg, observes that the councils, adorned with entries including Canary Capital and the venerable CoinShares, engage in what could only be described as thematic civil dialogues with the SEC.
UPDATED: It turns out that our friends at Canary/Marinade, Franklin, and VanEck have just sent the SEC a delightful bouquet of updated filings. We can only assume the ensuing couple of hours will blossom with more such delightful exchanges among the remaining hopefuls.
– James Seyffart (@JSeyff) August 29, 2025
With the patience of seasoned bureaucrats, Solana’s ETF applications endure, a testament to human perseverance at their swiftest. At least 16 hopefuls await their judgments by mid-October, a thrilling race of compliance against the clock.
Analysts, those self-proclaimed oracles, now scribble down approval probabilities over 90%, evidently seeing the SEC as more of a rubber stamp than a flighty Cassandra.
Forecasts turn every bit as optimistic as a Soviet-era grain target. Solana products, it seems, will gulp down as much as $8 billion in a convenient frenzy, born from dreams of the network’s magnified stature in high finance.
Laughably, yet genuinely, the fervor for Solana exposure finds itself mirrored in the REXShares ETF. Launched in July and now at a robust $200 million in assets, after cushioning its account with a handsome $11 million on August 29.
Eric Balchunas, Bloomberg’s own financial Casanova, divulges that REX’s restructuring ambitions aim to iron out tax creases and amplify its allure in the once hypothetical, now tangible world of Solana ETFs.
This symphony of compliance and anticipation fervently plays the tune of Solana’s swift pilgrimage into the financial mainstream. Amendments recorded and SEC decisions pending, asset managers dream solvency with Solana elevated to a bluesy hymn alongside Bitcoin and Ethereum.
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2025-08-30 14:41