- Several spot Solana (SOL) ETF applications with staking could be approved in the U.S. as early as mid-October.
- Major asset managers including Franklin Templeton, Fidelity Investments, CoinShares, Bitwise, Grayscale, VanEck, and Canary Capital have filed amended S-1 forms with the SEC.
- The first U.S. Solana staking ETF, REX-Osprey Solana Staking ETF, launched on Cboe BZX Exchange, saw $33 million in trading volume on its first day.
- ETF analyst Nate Geraci and other industry leaders expect the coming month to be significant for crypto-related ETFs.
- Recent filings that include staking features are considered a positive sign for potential approval of spot Ether (ETH) ETFs with staking options.
Several applications for spot Solana (SOL) exchange-traded funds (ETFs) that include staking features may receive approval from U.S. regulators as soon as mid-October, according to ETF analyst Nate Geraci. This follows new submissions and updates to disclosure documents by major asset managers on Friday.
Asset managers such as Franklin Templeton, Fidelity Investments, CoinShares, Bitwise Asset Management, Grayscale Investments, VanEck, and Canary Capital have each filed updated S-1 forms with the U.S. Securities and Exchange Commission (SEC) for their proposed spot Solana ETFs. The S-1 filing is a document that discloses a company’s financial information, risk factors, and details about the securities it plans to offer.
The developments come slightly more than two months after the REX-Osprey Solana Staking ETF began trading on the Cboe BZX Exchange. On its first day, the fund achieved $33 million in trading volume and $12 million in new inflows, according to trading records.
ETF analyst Nate Geraci stated on X that the next few weeks could bring significant changes for crypto ETFs. He highlighted new developments such as the first filing for a Hyperliquid (HYPE) ETF and the SEC’s recent decision to approve broader listing standards for crypto ETFs. Geraci added, “Get ready for October.”
In Europe, the Bitwise Solana staking ETP saw $60 million in inflows over the latest five trading days, shared Bitwise Chief Investment Officer Hunter Horsley on X, signaling increased investor interest.
Bitfinex analysts commented that greater adoption of altcoin ETFs is needed for a broad market rally. Meanwhile, the inclusion of staking in U.S. ETF filings has sparked optimism for spot Ether ETF products with staking features. As of now, ETF issuers in the U.S. are still awaiting a decision from the SEC on allowing spot Ether ETFs to offer staking, after multiple requests made earlier this year.
Industry analysts, such as Markus Thielen of 10x Research, suggest that staking features could increase yields for Ethereum ETFs and potentially change the market structure.
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