Eric Balchunas Confirms Solana ETF Approval Odds at 100% Following SEC Rule Change
- Eric Balchunas says Solana ETF approval odds are now 100% after the SEC changes the approval process.
- SEC’s new rules remove delays and make S-1 filings the final step for Solana ETF approval.
- Solana ETF filings are ready and could be approved soon as the SEC speeds up the review timeline.
The U.S. Securities and Exchange Commission (SEC) has adopted new listing standards that significantly reduce delays in approving crypto ETFs. These changes remove the long-standing 19b-4 review timeline. The regulatory update now shifts final approval to S-1 registration statements only.
Bloomberg ETF analyst Eric Balchunas noted that these changes make the approval of a Solana ETF virtually certain. He stated that the odds of approval now stand at 100%. His assessment reflects growing confidence across the crypto investment sector.
S-1 Filings Now the Final Step
ETF issuers have responded quickly to the regulatory shift. Several firms have submitted updated S-1 filings to align with the new framework. These filings now await clearance from the SEC’s Division of Corporation Finance.
Balchunas highlighted that amended filings for Solana ETFs are already in progress. He said that approval could come at any time, given the removal of procedural delays.
Previously, ETF applications triggered a 240-day review period once a 19b-4 form was submitted. That process no longer applies due to the adoption of generic listing standards.
Solana ETF Among Leading Candidates
At least nine issuers have submitted proposals for Solana-based ETFs. These proposals are among the first altcoin ETF filings to move forward under the revised process.
The SEC also withdrew delay notices tied to these applications on September 29. This move signaled a change in approach and suggested that final decisions are near.
Balchunas emphasized that the shift puts Solana ETFs at the front of the approval line. Other proposed products linked to XRP, Litecoin, and Cardano could follow soon. Recently, the SEC approved Hashdex ETF to hold XRP, SOL, and XLM, streamlining crypto ETF approvals under new Nasdaq listing rules.
Market Watches for Launch Timeline
Solana’s price has seen moderate gains amid the anticipation of the ETF approval. On September 30, SOL traded at $210.61 with a 1.1% increase for the day. Analysts believe approval could lead to further short-term price movements.
Balchunas warned that similar ETF launches have triggered speculative rallies followed by brief corrections. Bitcoin and Ethereum ETFs showed that trend earlier in the year.
Still, the speed of the SEC’s updated process has surprised many in the industry. With S-1 filings already in, a U.S.-listed Solana ETF could launch in the coming weeks if approval is granted.
