The potential launch of a Solana ETF in the United States could be significantly hindered by delays, as analysts predict that approval may not come until six years from now, in 2026.
Despite the shift towards a more crypto-friendly environment under President-elect Donald Trump, obstacles still exist in the form of regulatory barriers.
According to Bloomberg analyst James Seyffart, the SEC’s ongoing lawsuits against cryptocurrency exchanges, which assert that Solana should be considered as an unregistered security, present a major hurdle.
Until the SEC clarifies the classification of Solana, it cannot be considered for a commodities-based ETF, leading to further delays.
Even with a more favorable administration, the standard review period of 240-260 days by the SEC could push the approval process well past the expected timeline of 2025.
