Seven asset managers submitted filings for spot Solana exchange-traded funds (ETFs) to the U.S. Securities and Exchange Commission (SEC) on June 13, signaling growing momentum for altcoin ETFs. However, Bloomberg ETF analyst James Seyffart cautioned that a swift approval is unlikely, despite optimism from market participants. In a post on X, Seyffart noted that there needs to be a regulatory back-and-forth before any green light. “If anyone remembers the Bitcoin ETF launch, there were A LOT of filings over the preceding couple months before launch,” he wrote. Spot Bitcoin ETFs were eventually approved in January 2024, over a decade after the first application by Gemini’s Winklevoss twins in 2013. All Eyes on Staking Language in Solana Filings The filings from major players—Fidelity Investments, 21Shares, Franklin Templeton, Grayscale, Bitwise, Canary Capital, and VanEck—all include language around staking, which has become a key area of regulatory focus. Fidelity submitted a new S-1 form, while others amended earlier filings. VanEck, which initiated the first U.S. Solana ETF application in early June 2024, submitted its amended version last. Seyffart confirmed , “All of them include staking language, I believe.” While experience with prior Bitcoin and Ether ETF approvals could help speed up procedural elements, he emphasized that staking remains an unresolved issue with no precedent yet set. The SEC is also reviewing proposals to add staking features to already-approved spot Ether ETFs. Staking, which allows holders of proof-of-stake cryptocurrencies like Solana and Ethereum to earn rewards, has raised questions about whether it constitutes a securities offering—a gray area that regulators have yet to define clearly. SOL, ETH ETFs Could See Staking Decisions Together Seyffart speculated that both Solana and Ether ETFs could potentially receive staking approvals simultaneously. “They could theoretically be launched with staking at the same time,” he said, while clarifying he has “no insight into what will actually happen.” Bloomberg Intelligence raised its estimate for Solana ETF approval in 2025 to 90% back in April. Meanwhile, in January, Consensys founder Joe Lubin expressed optimism that staking features for Ether ETFs could be authorized “soon.” Bloomberg’s Eric Balchunas added to the excitement, suggesting an “altcoin ETF summer” could be on the horizon, with Solana poised to take the lead. The post Solana ETF Hopes Rise, But Approval Unlikely Next Week, Say Analysts appeared first on TheCoinrise.com .