Analyst: SOL spot ETF may be approved as early as March 14th and no later than October 10th

Sosovalue Macro Analyst stated that according to the current regulatory framework of the SEC, cryptocurrency spot ETFs need to undergo a dual review process of S-1 registration documents and 19b-4 exchange rule adjustment documents. The SEC must announce the preliminary review results within 45 days after accepting the 19b-4 documents, and make a final decision no later than 240 days. Taking Grayscale Solana Trust as an example, its 19b-4 filing was accepted by the SEC on February 12th. The SEC may refuse or extend within the first 30 days, but cannot approve directly. Therefore, the earliest approval window is March 14th, and the preliminary review deadline is March 29th, which may release key regulatory signals. If Grayscale Solana Trust is approved, SOL spot ETFs such as Bitwise Solana ETF that adopt the same exchange rules adjustment plan may be approved simultaneously, and market liquidity expectations will initiate pricing reactions at this stage. If referring to the approval time for Bitcoin spot ETFs (up to 240 days), the latest approval date for SOL spot ETFs is October 10, 2025. But in the current regulatory environment, the market generally expects the SEC's approval process to accelerate.