- Seven major asset managers filed amended Solana ETF applications, including staking features for additional returns.
- Due to improved regulatory efficiency, ETF analysts predict SEC approval could happen within two weeks.
- Strong international demand and recent regulatory changes create favorable conditions for Solana ETF launches.
Seven prominent financial institutions have submitted updated S-1 filings to the Securities and Exchange Commission for their proposed Solana exchange-traded funds. Franklin, Fidelity, CoinShares, Bitwise, Grayscale, VanEck, and Canary included staking provisions in their amended applications.
Bloomberg ETF analyst James Seyffart drew attention to these coordinated filings. The amendments represent a significant step toward bringing Solana ETFs to U.S. markets. Each application now incorporates staking mechanisms, allowing funds to earn additional returns through Solana’s proof-of-stake network.
NEW: Bunch of updated filings for the Solana ETF prospectuses. Signs of movement from issuers and the SEC. pic.twitter.com/2XXaXct6w7
— James Seyffart (@JSeyff) September 26, 2025
Industry analyst Nate Geraci believes approval could arrive within two weeks. The SEC has demonstrated increased efficiency when processing digital asset investment products. This accelerated timeline reflects the regulator’s evolving approach to cryptocurrency-based financial instruments.
Staking Features Drive Enhanced Returns
The amended filings outline how ETFs utilize dedicated staking accounts for their Solana holdings. Grayscale, Bitwise, and Canary have specified that their trusts will operate these specialized accounts. The structure enables funds to participate directly in Solana’s validation process.
Staking rewards will be distributed as either cash payments or additional SOL tokens. These rewards count as fund income and contribute to net asset value growth. Shareholders benefit from Solana’s price movements and steady income generation through network participation.
The staking model differentiates these products from traditional ETFs. Investors gain exposure to Solana’s ecosystem while receiving compensation for network security contributions. This dual-benefit approach addresses growing demand for yield-generating cryptocurrency investments.
Strong Market Momentum Supports Launch Timeline
Recent regulatory changes have created favorable conditions for Solana ETF approval. The SEC approved Grayscale’s transition of Ethereum products to standardized listing rules in September. This precedent eliminates the need for individual case-by-case reviews of similar products.
International demand for Solana investment vehicles continues to expand. Bitwise’s European Solana staking ETP attracted $60 million weekly inflows following its launch. The strong performance demonstrates institutional appetite for Solana-based products.
Domestic interest remains robust through existing offerings. The REX-Osprey SOL + Staking ETF recorded $10.6 million in single-day net inflows. The fund surpassed $250 million in assets under management just two months after launch.
REX-Osprey recently restructured its Solana ETF to improve tax efficiency. The conversion from C-Corporation status to a regulated investment company removes fund-level taxation. This change enhances the product’s appeal to tax-conscious investors.
Grayscale’s diversified CoinDesk Crypto 5 ETF generated $22 million in first-day trading volume. The fund includes Solana alongside other major cryptocurrencies like XRP.
Industry observers expect first approvals during early October. The SEC’s streamlined review process and strong market demand support this optimistic timeline. Success would mark another milestone in mainstream cryptocurrency adoption.
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