Seven Solana ETF applicants submitted S-1 statements to the US SEC on June 13, but analyst James Seyffart suggests that approval is unlikely to occur quickly. He noted that the approval process for such ETFs typically involves extensive discussions, similar to the earlier lengthy considerations surrounding Bitcoin ETFs. Fidelity Investments was among the first to file for a spot Solana ETF, while firms like 21Shares and Grayscale made amendments to their S-1 filings. Notably, all submitting firms included staking language in their applications. Seyffart indicated that while lessons from past ETF approvals might help expedite the process, staking approvals might not follow the same pattern. He speculated that simultaneous approval of staking for spot Solana and Ether ETFs could happen, but emphasized that this remains uncertain. In January, there was optimism within the Ethereum community about the potential for staking in their ETF offerings. Overall, the current state indicates continued discussions and potential delays.

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