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VanEck Joins Solana ETF Race as the Seventh Applicant to File With SEC

VanEck logo over crypto coin and US dollar background representing Solana ETF filing

According to Bloomberg ETF analyst James Seyffart, VanEck filed its preliminary prospectus on June 13, becoming the seventh issuer to join the race for a Solana ETF.

This move follows recent SEC outreach, where the agency reportedly asked applicants to revise their filings to incorporate staking features. By 5 p.m. EST on June 13, six issuers had updated their S-1 documents accordingly. With VanEck’s filing, the full lineup of Solana ETF contenders is now in place, reflecting the increasing momentum and investor interest in Solana-based financial products.

Seven ETF Filers Set Sights on Solana

The following is a complete list of issuers that have amended or filed their filings:

  • Fidelity
  • 21Shares
  • Franklin Templeton
  • Grayscale
  • Bitwise
  • Canary
  • VanEck

All seven asset managers have filed S-1 or S-1/A forms, marking a key milestone in the pursuit of spot Solana ETFs. Significantly, most of these filings incorporate staking provisions, which—if approved—could establish a precedent for yield-bearing ETF structures in the cryptocurrency space.

SEC Signals a Shift Toward Crypto-Friendly Regulation

The recent surge in Solana ETF filings aligns with a broader regulatory pivot under the SEC’s new leadership, which has adopted a noticeably more crypto-friendly approach in recent weeks. While spot Bitcoin and Ethereum ETFs have secured approval, no altcoin ETF has yet been sanctioned by the Commission—though this wave of Solana applications hints that change may be on the horizon.

The incorporation of staking provisions in these filings further reflects growing regulatory comfort with integrating DeFi-native yield models into traditional financial frameworks—a move that could redefine the structure of altcoin-based ETFs.

What Comes Next?

Although no Solana ETF has received approval yet, the influx of filings—particularly from major players like Fidelity, Grayscale, and now VanEck—signals a significant turning point in Solana’s path toward mainstream institutional adoption. Market attention is now firmly focused on the SEC’s next move.

With several high-profile issuers in the race and a shifting regulatory landscape, the approval of the first spot Solana ETF could be closer than ever.

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