Full List of Solana ETFs Awaiting SEC Approval: Dates, Filings, and What’s Next

Big giants and asset management firms have applied for Solana (SOL) spot ETFs to the U.S. Securities and Exchange Commission (SEC), starting from 2024. These firms aspire to capitalize on the growing demand for regulated crypto investment products, beyond Bitcoin and Ethereum. 

Institutional and mainstream investors are seeking diversified crypto exposure, with Solana, as it is considered one of the most innovative altcoins by market capitalization. It has become quite attractive for fund managers looking to offer exposure to next-generation blockchain tech. 

List of Solana ETFs Waiting for SEC Approval

• VanEck Solana Trust: Application filed in June 2024 via Form S-1 registration, becoming the first US Solana ETF application.

• 21Shares Core Solana ETF: Application filed in June 2024 via Form S-1 registration, planning to list on the Cboe BZX Exchange.

• Bitwise SOL ETF: Initial application filed in November 2024,  later directly refiled with the SEC for a spot product via Form S-1.

• Grayscale Solana ETF: Application filed in January 2025,  to convert its existing GSOL trust into a spot ETF for NYSE Arca listing.

• Canary: Application filed between late 2024 to early 2025 via Form S-1, for spot Solana ETF among post-election filings.

• Franklin Templeton Solana ETF: Application filed in March 2025 of both forms  S-1 and 19b-4 to list on Cboe BZX Exchange.

• Fidelity SOL ETF: Application filed on March 25, 2025, with Form 19b-4 via Cboe BZX, to stake part of its SOL holdings, potentially allowing the ETF to generate yield. The application was officially recognized by the SEC in April 2025.

• Invesco Galaxy SOL ETF: Application filed on June 25, 2025, via Cboe BZX, targeting spot exposure with integrated staking rewards.

• REX Shares SOL ETF: Application filed on May 30, 2025, was marked “immediately effective,” signaling that the launch could happen soon.

• Galaxy Digital Solana ETF: Application filed on June 25, 2025, to track the spot price of Solana.

When Will the SEC Approve the Solana ETF Application?

Investors strive to utilize Solana’s high-performance blockchain, which can process thousands of transactions per second and is widely used in decentralized finance (DeFi), NFTs, and other innovative applications. 

However, the SEC has not approved any applications yet, but is expected to make a final decision on proposed Solana ETFs by October 2025. If approved, it will establish SOL as a legitimate mainstream asset in traditional financial markets.