Spot Solana ETFs are likely to get the green light from the SEC by the October 10 deadline, JPMorgan says. However, the bank forecasts initial investor demand will be muted, with inflows of only about $1.5 billion in the first year—far less than for Bitcoin or Ethereum ETFs.
The analysts point to two key factors: the existence of a CME Solana futures contract, which strengthens the case for approval, and the collapse of the Grayscale Solana Trust premium. The GSOL premium has dropped from over 750% to near zero, indicating that the market has likely already priced in the approval event.
The report also noted that the REX Osprey Solana Trust was already approved in July under a different regulatory framework, setting a precedent for Solana investment products in the US.
