The Race for Solana ETFs: 8 Contenders Vying for SEC Approval

The Solana ETF Showdown
The SEC’s impending decision on Solana ETFs has turned into a high-stakes race, with eight financial heavyweights vying for approval. As a crypto analyst who’s seen this movie before (hello, Bitcoin and Ethereum ETFs), I can’t help but admire the strategic maneuvers unfolding. Here’s the play-by-play:
VanEck: The First Mover
VanEck threw its hat in the ring a year ago, betting big on Solana despite the SEC’s “security” label. Their “first-to-file” advocacy is classic Wall Street hustle—though whether it pays off depends on if the SEC approves all contenders at once (like they did with Bitcoin ETFs).
21Shares: The Redemption Play
Their proposed Core Solana ETF plans in-kind redemptions (read: actual SOL tokens). With Coinbase handling staking, they’re banking on transparency to win over regulators.
Canary Capital: The Dark Horse
This smaller firm has filed for eight altcoin ETFs—from SUI to XRP. Whether this is genius diversification or spray-and-pray marketing remains to be seen.
Bitwise: The Staking Pioneer
Already offering a Solana staking ETP in Europe, Bitwise’s CEO calls SOL an “incredible emerging asset.” If U.S. staking gets greenlit, Marinade (their staking partner) could hit the jackpot.
Grayscale: The Conversion Gambit
Seeking to flip its GSOL trust into an ETF, Grayscale faces the same NAV premium puzzle it did with Bitcoin. The SEC’s delayed decision suggests regulators are still crunching the numbers.
Franklin Templeton & Fidelity: The Heavyweights
The $1.5T Franklin Templeton already dabbles in SOL via tokenized funds, while Fidelity’s retail reach could make its ETF a liquidity magnet. Both prove institutional appetite is growing.
CoinShares: The Late Entry
Europe’s crypto ETP veteran just joined the fray. Their Tezos ETP proves niche appeal—but will U.S. investors bite?
The Bottom Line
This isn’t just about Solana; it’s a test case for altcoin ETFs. Approval could flood liquidity into SOL and legitimize other Layer 1 tokens. Rejection? Well, let’s just say the SEC’s “security” stance won’t fade quietly. Watch those S-1 amendments closely—the real game begins post-approval, where staking rewards and custody battles will separate winners from also-rans.
BlockchainMaven
Hot comment (26)

¡Esto es más emocionante que la final de Champions League!
Ocho gigantes financieros compitiendo por el ETF de Solana… ¿Quién llegará primero a la meta de la SEC? VanEck como el ‘primerizo’ ansioso, 21Shares con sus fichas reales (¡toma transparencia!), y hasta un ‘caballo oscuro’ que apuesta por 8 criptos a la vez.
El premio gordo: si lo aprueban, ¡prepárense para ver a SOL volar más alto que un chiringuito en agosto! ¿Y si no? Bueno… siempre nos quedará el meme de “en Brasil están jugando”.
¿Tú en cuál apuestas? ¡Comenta abajo!

Гонка гигантов за ETF на Solana
Восемь финансовых титанов рвутся к финишу под названием “одобрение SEC”. VanEck как всегда первый на старте, но не факт, что первым придет. 21Shares делает ставку на прозрачность – ну да, ну да, мы уже такое слышали.
Темная лошадка Canary Capital заявила аж восемь альткоин-ETF – это либо гениальная диверсификация, либо игра в дартс с закрытыми глазами.
А Grayscale опять со своими премиями NAV – ребята, может хватит уже?
Короче, следим за поправками в S-1 – настоящая битва начнется после одобрения. Кто возьмет золото в этой криптоолимпиаде?

SECの前で繰り広げられる大運動会
ソラナETF承認レースに8社が参戦!バンエックは「俺が先だ」と主張する早稟性、グレイスケールはビットコインETFで学んだ転換術を披露。21Sharesは実際のSOLトークンを渡すというぶっちゃけ戦略でアピール中。
暗号資産界のダークホース
カナリー・キャピタルはSUIからXRPまで8種類も申請。まるで「どれか当たるでしょ」と宝くじを買うおばちゃん感覚。これが分散投資なら史上最もアグレッシブな事例かも?
皆さんはどの企業の戦略に賭けますか?私はBitwiseのステーキング提案に軍配!🍣(※SOLステーキング利益で寿司が食べられる日を夢見て)

Wer sagt denn, dass Solana nicht der nächste große ETF-Star wird?
Acht Finanzgiganten liefern sich ein Kopf-an-Kopf-Rennen um die heiß begehrte SEC-Zulassung für Solana-ETFs. VanEck versucht es mit dem klassischen ‘First-Mover’-Vorteil (erinnert sich noch jemand an Bitcoin-ETFs?), während 21Shares mit Transparenz punkten will – als ob die SEC je einfach so überzeugt werden könnte!
Und dann ist da noch Canary Capital, die einfach mal acht Altcoin-ETFs auf einmal beantragen. Das ist entweder genial oder komplett verrückt – wir tippen auf Letzteres.
Die Frage ist nicht ob, sondern wann der erste Solana-ETF durchkommt. Und wer weiß, vielleicht landet am Ende doch der Underdog auf dem Siegertreppchen. Was meint ihr? Steht Solana vor dem großen Durchbruch oder bleibt es beim alten SEC-Tango?

सोलाना ETF की महाभारत! 🚀
SEC के सामने अब सोलाना ETF की लड़ाई छिड़ गई है। वैनएक से लेकर फिडेलिटी तक, हर कोई इस रेस में कूद पड़ा है।
वैनएक: पहले आओ, पहले पाओ वाली नीति पर चल रहा है। पर SEC का फैसला तो अभी बाकी है!
21Shares: ये लोग असली SOL टोकन देने की बात कर रहे हैं। कोई नहीं जानता कि SEC को ये पसंद आएगा या नहीं!
ग्रेस्केल: बिटकॉइन ETF के बाद अब सोलाना की बारी। पर NAV प्रीमियम का सवाल फिर से खड़ा हो गया है!
अंत में एक ही सवाल: क्या SEC इस बार भी ‘सेक्योरिटी’ वाले झंडे उठाएगी? 🤔
आपका क्या ख्याल है? कमेंट में बताइए!

Acht Pferde im Rennen – wer gewinnt das SEC-Derby?
Die Solana-ETF-Bewerbungen lesen sich wie ein spannendes Pferderennen: VanEck als Frühstarter, 21Shares mit dem Transparenz-Trick und Grayscale, der seinen Bitcoin-ETFs hinterherhechelt. Mein Favorit? Canary Capital – die haben einfach acht Altcoins auf einmal ins Rennen geschickt! Spray-and-Pray-Marketing oder geniale Diversifikation? Das SEC-Urteil wird’s zeigen.
Staking-Rendite oder Absturz? Bitwise setzt auf Staking – aber ob die SEC mitspielt, ist so ungewiss wie der nächste Meme-Coin-Hype. Immerhin: Sollte es grünes Licht geben, wird Marinade zum Jackpot-Gewinner.
Und ihr? Auf welches Pferd setzt ihr – oder wartet ihr lieber, bis die Aufsichtsbehörde den Startschuss gibt? Kommentarbereich frei für Wetten!
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