Catenaa, Wednesday, October 15, 2025- JPMorgan analysts expect spot Solana exchange-traded funds (ETFs) to receive regulatory approval soon but forecast modest investor inflows compared with Bitcoin and Ethereum funds.
The bank projects Solana ETFs could attract around $1.5 billion in net inflows during their first year, roughly one-seventh the size of Ethereum’s first-year totals.
The US Securities and Exchange Commission is expected to rule on multiple spot crypto ETF filings this month, including those tied to Solana and XRP.
The SEC’s move to simplify the approval process through generic listing standards has sparked a wave of new ETF proposals, with Solana’s deadline set for October 10. Analysts led by Nikolaos Panigirtzoglou said approval is “highly likely” given the presence of Solana futures trading on the CME.
JPMorgan noted that enthusiasm for Solana ETFs has already been reflected in the Grayscale Solana Trust premium, which has narrowed from over 750% last year to nearly zero, mirroring the trend seen before Bitcoin and Ethereum ETF approvals.
However, analysts cautioned that inflows could remain limited due to weaker investor confidence in Solana, falling onchain activity, and the dominance of memecoin trading on its network.
They also cited potential fatigue among investors facing multiple new crypto ETFs and competition from broader digital asset index products.
The forecast contrasts with earlier JPMorgan estimates that suggested Solana ETFs could draw up to $5.2 billion within their first year of trading.
