Big moves are happening in the crypto ETF world. Multiple asset managers, including Fidelity, Franklin Templeton, CoinShares, Bitwise, Grayscale, Canary Capital, and VanEck, just filed updated S-1 applications for spot Solana ETFs, and experts are predicting approvals could hit as soon as mid-October.
What’s driving the buzz? These updated filings now include staking provisions, meaning funds could earn extra yield on their Solana holdings, a game-changer for investors looking for crypto exposure with a twist.
ETF analyst Nate Geraci says the coordinated filings are a strong signal that approval is close. Bloomberg’s James Seyffart adds that the amendments show “signs of movement from issuers and the SEC,” hinting at ongoing positive dialogue between regulators and fund managers.
This isn’t just theory. REX-Osprey launched the first U.S. Solana Staking ETF in July, quickly reaching over $300 million in assets, including $12 million in first-day inflows.
Meanwhile, European investors are also showing massive appetite: Bitwise’s Solana staking ETP pulled in $60 million in just five trading days.
The institutional interest is real. Pantera Capital called Solana “next in line for its institutional moment,” highlighting how it’s still under-allocated compared to Bitcoin and Ethereum. With staking yield now on the table, this could attract even more serious money.
The SEC’s new crypto ETF listing standards are speeding things up, shortening approval timelines, and opening the door for more crypto products. If Solana staking ETFs are approved, it could pave the way for Ethereum staking ETFs, potentially reshaping the market entirely.
Analysts are optimistic: additional approvals could spark a broader altcoin season, bringing mainstream investors closer to cryptocurrency markets than ever before.
The takeaway? If you’re watching crypto ETFs, Solana is heating up—and the clock is ticking.
