• The regulator stated it was “instituting proceedings” to contemplate the 21Shares Core Solana ETF and the Bitwise Solana ETF, based on filings launched Monday.
• The SEC is at the moment reviewing greater than 70 cryptocurrency ETF purposes.
• Crypto funding merchandise attracted $785 million in web inflows final week, based on CoinShares.

The US Securities and Trade Fee has postponed its resolution on two proposed exchange-traded funds tied to Solana, whereas inviting public remark as a part of its overview course of.

The regulator stated it was “instituting proceedings” to contemplate the 21Shares Core Solana ETF and the Bitwise Solana ETF, based on filings launched Monday.

“Institution of proceedings does not indicate that the Commission has reached any conclusions,” the SEC stated.

“Rather, the Commission seeks and encourages interested persons to provide comments on the proposed rule change.”

The company is at the moment evaluating a rising variety of crypto ETF proposals past Bitcoin and Ethereum, with filings masking a variety of property together with Solana, XRP, Dogecoin, Cardano, and Litecoin.

The present spherical of opinions comes amid a shift in regulatory tone underneath the Trump administration.

The crypto ETF waitlist

The SEC is at the moment reviewing greater than 70 cryptocurrency ETF purposes, starting from merchandise tied to main altcoins like XRP, Solana, and Litecoin to extra speculative meme-themed and leveraged choices.

Bloomberg ETF analyst Eric Balchunas described the present queue as “wild,” highlighting the breadth of filings, which embody references to “Penguins, Doge, and 2x Melania.”

This wave of purposes follows two landmark approvals by the company: spot Bitcoin ETFs in January 2024 and spot Ethereum ETFs in July. Each had been considered as important milestones for mainstream adoption of crypto funding autos.

In accordance with Bloomberg estimates from February, Litecoin ETFs have the best chance of approval at 90%, with Dogecoin ETFs following at 75%.

Crypto ETPs inflows proceed

Amid the regulatory developments, crypto funding merchandise attracted $785 million in web inflows final week, based on CoinShares.

This marked the fifth straight week of beneficial properties, bringing complete 2025 inflows to $7.5 billion and totally offsetting the $7 billion withdrawn earlier this 12 months throughout a market correction.

Belongings underneath administration in crypto ETPs reached $172.9 billion globally, nearing all-time highs.

US-based merchandise led with $681 million in inflows, adopted by Germany at $86.3 million and Hong Kong at $24.2 million — its largest since November 2024. Sweden, Canada, and Brazil recorded modest outflows.

Solana-based merchandise, regardless of the ETF headlines, noticed web outflows of $0.9 million final week.

XRP and Sui drew $5 million and $9.3 million in inflows, respectively, whereas Cardano and Chainlink additionally noticed minor beneficial properties.

21Shares, already energetic within the US by way of its spot Bitcoin and Ethereum ETFs with Ark Make investments, has lately expanded its filings to incorporate Solana, Dogecoin, XRP, and Polkadot.