• The SEC is reviewing multiple Solana ETF applications, signaling rising institutional interest.
• Analysts predict Litecoin and Dogecoin ETFs have higher approval chances than Solana and XRP.

The U.S. Securities and Exchange Commission (SEC) is now reviewing multiple applications for Solana [SOL] exchange-traded funds (ETFs).

With firms like Canary Capital, VanEck, 21Shares, and Bitwise entering the race, interest in bringing SOL to Wall Street is gaining momentum.

Seeing this growing hype, market watchers are closely monitoring whether Solana could follow in the footsteps of Bitcoin [BTC] and Ethereum [ETH] ETFs.

Solana ETF acknowledged by Grayscale

For those unaware, the race to launch a Solana ETF began when the SEC acknowledged Grayscale’s Solana ETF application last week.

This recognition positioned Grayscale as a potential frontrunner in a wave of SOL-focused proposals.

The regulator has now opened a 21-day public comment period on NYSE Arca’s proposal to list and trade the Grayscale Solana Trust, marking a crucial step in the approval process.

Meanwhile, Franklin Templeton registering the “Franklin Solana Trust” in Delaware on the 10th of Februa

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Author: Ishika Kumari

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