Analyst: The SOL Spot ETF may be approved as early as March 14th, and at the latest by October 10th

On March 3, PANews reported that a macro analyst from Sosovalue stated that under the current SEC regulatory framework, cryptocurrency spot ETFs must undergo dual review of the S-1 registration document and the 19b-4 exchange rule adjustment document. The SEC must announce preliminary results within 45 days after accepting the 19b-4 file and make a final decision within a maximum of 240 days.

Taking Grayscale Solana Trust as an example, its 19b-4 file was accepted by the SEC on February 12. The SEC can refuse or postpone within the first 30 days but cannot directly approve it. Therefore, the earliest approval window is March 14th, with a preliminary review deadline of March 29th. This time point may release key regulatory signals. If Grayscale Solana Trust is approved, SOL spot ETFs such as Bitwise Solana ETF that adopt similar exchange rule adjustment schemes may be approved simultaneously, and market liquidity is expected to initiate pricing response at this stage.

If referring to Bitcoin's spot ETF approval duration (up to 240 days), SOL's latest approval date for its spot ETF would be October10th ,2025 . However in today’s regulatory environment ,the market generally expects that SEC’s approval process might speed up.