SEC Acknowledgment: The SEC acknowledged Grayscale's spot Solana ETF filing, a significant step after previous unacknowledged attempts..Multiple Filings: Firms like 21Shares, Bitwise, and VanEck have also filed for spot Solana ETFs, indicating growing interest..Regulatory Hurdles: Concerns about Solana's security classification and the lack of a regulated futures market pose challenges..Approval Timeline: The SEC has until approximately October 11, 2025, to decide on Grayscale's application, but delays are possible..Market Optimism: Prediction markets show moderate to high odds of a Solana ETF approval in 2025, influenced by Bitcoin and Ethereum ETF precedents..Read More Stories.Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp