Several applications for Solana exchange-traded funds (ETFs) that include staking features may receive regulatory approval in the United States by mid-October. ETF analyst Nate Geraci shared this timeframe after updated filings were submitted to the U.S. Securities and Exchange Commission (SEC) by multiple asset managers.
On Friday, seven financial firms submitted amended S-1 documents for spot Solana ETFs. These firms include Franklin Templeton, Fidelity, CoinShares, Bitwise, Grayscale, VanEck, and Canary Capital. The S-1 is a standard registration form required by the SEC to detail a fund’s structure, financial condition, and planned offering.
These updates come on the heels of increased activity around crypto ETFs, especially for staking-related products. Staking allows token holders to earn rewards by either supporting or helping to operate the network, with this emerging as an area of investor interest in blockchain-based assets.
Geraci, who leads NovaDius Wealth Management, wrote in a post on X that he expects the SEC to respond soon.
“Guessing these are approved [within the] next two weeks,” he said.
REX-Osprey Launch Sets Precedent
In recent months, the REX-Osprey Solana Staking ETF became the first of its kind to list in the U.S., launching on the Cboe BZX Exchange. On its opening day, the fund saw $33 million in trading and $12 million in inflows.
This launch marked a shift in market readiness for Solana-based investment vehicles. The ETF’s debut performance showed there is clear interest in regulated, staking-enabled funds tied to the Solana network.
Pantera Capital, a U.S.-based crypto investment firm, recently noted that Solana may be gaining attention from institutions, describing the asset as “next in line for its institutional moment” due to its lower exposure in portfolios compared to Bitcoin and Ethereum.
Solana Staking Demand Rises in Europe
Investor demand for Solana products is also growing in international markets. Bitwise’s Solana staking ETP, available in Europe, recorded $60 million in inflows across five trading days, according to Hunter Horsley, the company’s Chief Investment Officer.
“Solana on people’s minds,” Horsley wrote in a recent X post.
This activity adds to the momentum surrounding Solana as investors seek broader access to crypto assets beyond the top two—Bitcoin and Ethereum. The steady flow of capital into non-U.S. Solana products suggests that U.S. fund issuers are looking to meet similar demand domestically.
Staking Could Expand to Ethereum ETFs
The recent inclusion of staking features in U.S. ETF filings has raised expectations for Ethereum-based funds. Geraci noted that this could support the push for spot Ether ETFs with staking.
“Staking in filings is a good sign for spot ETH ETF staking,” he said.
Several asset managers have already submitted requests to include staking in Ethereum ETFs, though these applications are still under SEC review. Analysts from firms including Bitfinex have stated that broader ETF approvals may be needed before altcoins gain more exposure among institutional investors.
Crypto market watchers now turn their attention to October, as ETF issuers await feedback from regulators on the pending Solana applications.
