The first U.S.-listed staking-enabled ETF, under ticker SSK, launched on the Cboe BZX exchange, attracting institutional interest in Solana.
Regulatory challenges led to a restructuring of the fund model to comply with the Investment Company Act of 1940, boosting anticipation for more crypto ETFs beyond Bitcoin and Ether.
Despite the ETF launch, Solana's price had minimal immediate response, while open interest in CME Solana futures hit a new high, indicating growing institutional appetite.
Analysts estimate a high likelihood of spot Solana, XRP, and Litecoin ETF approvals before the end of 2025, signaling a trend towards expanded crypto investment products.