<ul data-eligibleForWebStory="true">CoinShares has filed for a spot Solana ETF in the U.S., joining other issuers in pursuit of SEC approval.Bloomberg analysts estimate a 90% approval likelihood for Solana ETFs.Solana's speed, cost-efficiency, and staking compatibility attract interest from institutional managers.SOL token rose over 5% following the news, indicating market excitement for a potential summer approval.CoinShares submitted a new application to the SEC amidst increasing optimism for approval.Major asset managers have updated filings following regulatory feedback, with potential SEC decisions expected soon.Attention is shifting to Solana's role in broader crypto ETF adoption.CoinShares filed for the 'CoinShares Solana ETF' with plans for continuous offering under Rule 415.At least eight active Solana ETF applicants are now competing for market entry.Recent amendments to filings suggest alignment with regulatory expectations to expedite approval.Bloomberg analysts estimate a 90% approval chance and anticipate a decision between July 2 and July 23.Solana's attributes compared to Ethereum make it appealing to institutional issuers for ETFs.The network's infrastructure supporting in-kind transactions and staking rewards validates Solana's scalability for ETF operations.SOL token trading volume has surged post-ETF developments, with positive short-term speculation.SOL token trades at $155.63 with a 24-hour trading volume of $5,172,258,485, marking a 5.63% daily increase.