Solana price rises by 3.0% after update Spot-ETF of SEC

The Solana race rose on Tuesday after the SEC had requested updated documentation from ETF applicants.

The long waiting time for Solana spot ETFs may come to an end, since the Securities and Exchange Commission (SEC) has requested potential ETF publishers to update their S-1 reports. The S-1 reports are one of the last steps before the SEC formally approves ETF for listing. Readers may remember that the same process was followed before spot ETFs for Ethereum and Bitcoin were eventually approved for listing.

A long list of institutions, including Fidelity, Grayscale and Van Eck, is ready to note spot ETFs for Sol ETFs for their customers. As soon as these settings have submitted their new registrations, the SEC is expected to respond to the applications within 30 days. This means that by the end of the summer we can expect approval for spot ETFs for Solana, if everything goes according to plan. Settings also wait for a message from the SEC about the approval of spot ETFs for XRP.

Solana Restores

Of course of Solana rose by more than 3.0% after the news and jumped back above the price level of $ 165. Sol recovered nicely from the small sale last Thursday, when the course of Sol plumbled to a low point of $ 140, before it recovered and made up for the losses.

It was a roller coaster ride for Solana investors this year. Just like most Altcoins, Sol has remained behind the return of Bitcoin in 2025, with a modest loss of about 14% so far this year. This is partly due to the great crypto-pump that followed the election victory of President Trump in November.

But Sol missed the same energy as during last year’s memecoin madness. The ravish Most memecoins have never recovered from the peak of the Mememarkt, and many have even fallen to zero. There is hope that the approval of Spot SOL ETFs will fuel the interest in Solana at both private and institutional investors.

Bitcoin ETF’s great success

Spot Bitcoin ETFs have so far proved a great success, especially now that the assets are currently reaching record highs. The largest fund, the Ishares Bitcoin Trust (Nasdaq: Go), has a net power of more than $ 72 billion and currently has 662,571 BTC In portfolio. Through these funds, BlackRock has become one of the largest institutional investors in crypto currency, although it does not seem to be an applicant for a Solana ETF.