Analysts are predicting that Solana ETFs could have a final decision deadline around mid-March 2025. This speculation comes after the Chicago Board Options Exchange (CBOE) filed applications on Monday to list VanEck and 21Shares’ proposed ETFs.

According to Bloomberg ETF analyst Eric Balchunas, the mid-March deadline is crucial, but he highlighted that November holds significant importance in the interim. Balchunas mentioned that the outcome of the November presidential election could impact the approval of Solana ETFs, suggesting that a Trump win could make anything possible while a Biden win could result in the ETFs being dead on arrival.

The CBOE submitted applications for the 21Shares Core Solana ETF and the VanEck Solana Trust on July 8, likening these prospective funds to the previously approved spot Bitcoin and spot Ether ETFs. The SEC has 240 days to decide whether to approve or deny the applications, marking the start of the decision clock once the filings are acknowledged.

Senior Bloomberg ETF analyst Eric Balchunas further emphasized the potential impact of the political climate on Solana ETF approvals, noting that bipartisan support for regulatory frameworks could pave the way for the ETFs to be approved. Recent research by GSR Markets suggests that Solana’s price could surge significantly with potential ETF approvals, similar to the price surge seen with Bitcoin historically.

VanEck and 21Shares initially applied with the SEC in June to launch the new products, with the SEC needing to approve their S-1 filings before trading can commence. The increasing investor interest in Solana, one of the most actively traded cryptocurrencies after Bitcoin and Ether, has sparked anticipation for the approval of Solana ETFs.

Overall, the timeline for Solana ETF decisions, the potential impact of the political landscape, and the historical context of cryptocurrency price surges all contribute to the anticipation surrounding the potential approval of Solana ETFs in the coming months.