The Securities and Exchange Commission has approved the first spot Solana ETF, marking a major expansion of regulated crypto investment products beyond Bitcoin and Ethereum.
The Approved Products
VanEck and 21Shares received simultaneous approval for their Solana ETF applications. Trading is expected to begin on major exchanges within two weeks. SOL surged 25% to $285 within hours of the announcement.
- SOL price: $285 (up 25%)
- Approved issuers: VanEck, 21Shares
- Trading begins: late April 2026
- Estimated first-year inflows: $5-8 billion
Industry analysts expect this approval to pave the way for additional altcoin ETFs, with XRP and Cardano applications already pending review.
