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The race for Solana staking ETFs is heating up in the United States, with several top asset managers filing amended applications that could win regulatory approval by mid-October. According to ETF specialist Nate Geraci, president of NovaDius Wealth Management, the U.S. Securities and Exchange Commission (SEC) is reviewing the updated S-1 filings and may clear them for launch in the coming weeks.
“Guessing these are approved [within the] next two weeks,” Geraci said in an X post on Friday, suggesting the SEC may be ready to greenlight a new wave of crypto investment products.
The filings, submitted last Friday, came from some of the biggest names in asset management: Franklin Templeton, Fidelity Investments, CoinShares, Bitwise Asset Management, Grayscale Investments, VanEck, and Canary Capital. Each firm is seeking approval to launch spot Solana staking ETFs, which would allow investors exposure to SOL while also capturing staking rewards generated on-chain.
The filings are part of a broader surge in crypto ETF applications following the SEC’s approval of generic listing standards for digital assets earlier this year. Analysts say the move signals growing institutional interest in Solana, often seen as the next blockchain poised for significant institutional adoption.
“Solana is next in line for its institutional moment,” — Pantera Capital analysts, in a recent note, pointing to under-allocation compared to Bitcoin and Ethereum.
The latest filings follow the July debut of the REX-Osprey Solana Staking ETF, which listed on the Cboe BZX Exchange. The fund recorded $33 million in trading volume and $12 million in inflows on launch day which is a strong indication of investor appetite.
Hunter Horsley, Chief Investment Officer at Bitwise, highlighted on X that European demand has also been surging. The firm’s Solana staking ETP attracted $60 million in inflows over just five trading days. “Solana on people’s minds,” Horsley noted, suggesting that global investors are increasingly seeking regulated exposure to SOL.
For analysts, this wave of products represents more than just investor enthusiasm. They see it as a sign that regulators are gradually warming to broader crypto adoption. “Get ready for October,” Geraci added, emphasizing that the SEC’s next decisions could be pivotal for the sector.
The inclusion of staking mechanisms in Solana staking ETFs could have ripple effects for the wider crypto ETF landscape, particularly Ethereum. Geraci noted that the SEC’s handling of these filings “bodes well for spot ETH ETF staking,” raising hopes that Ethereum-based products will soon include yield features.
Markus Thielen, head of research at 10x Research, echoed the sentiment in comments: “Staking for Ethereum ETFs would increase yield and could dramatically reshape the market.”
So far, U.S. issuers have been waiting for the SEC to permit staking in their Ether ETF proposals, with multiple applications still pending. Analysts believe approval could significantly boost adoption, as yield-bearing ETFs provide an extra incentive for institutional investors.
Altcoin performance may also hinge on these approvals. Analysts at Bitfinex recently stated that a broad rally across non-Bitcoin assets will likely not occur until investors have access to a wider range of regulated ETFs. If Solana staking ETFs move forward, it could open the door for similar products across the altcoin market.
With the SEC’s decision window narrowing, all eyes are on whether regulators will follow through with approvals in October. If approved, Solana staking ETFs would become the latest milestone in bridging traditional finance and decentralized networks, giving U.S. investors regulated access to one of the fastest-growing blockchain ecosystems.
For crypto investors, the implications are twofold: new opportunities to gain yield-bearing exposure in regulated markets, and greater validation of Solana’s role in the institutional landscape. For policymakers, however, the filings reignite debates about the risks and benefits of embedding staking which is a mechanism central to blockchain security within traditional financial products.
While approval is not guaranteed, the momentum behind Solana staking ETFs suggests that the conversation has shifted decisively. As Geraci put it, the next two weeks could mark a turning point not just for Solana, but for the broader crypto ETF market.
