Solana ETFs With Staking Could Be Approved Sooner Than Expected

• SEC may approve Solana staking ETFs within two weeks, signaling faster regulatory processes for crypto funds.
• Global demand for Solana products grows, with U.S. and European funds posting strong inflows and record assets under management.

Several leading investment firms are preparing for possible regulatory approval of Solana exchange-traded funds (ETFs) with staking features, a development analysts suggest could occur sooner than expected. According to updated filings, the U.S. Securities and Exchange Commission (SEC) may approve the products within the next two weeks, positioning Solana to join the growing list of tradable crypto assets in regulated markets.

On Friday, seven asset managers submitted amended S-1 registration statements to the SEC, all including staking provisions. The firms, Franklin Templeton, Fidelity Investments, CoinShares, Bitwise Asset Management, Grayscale Investments, VanEck, and Canary Capital, filed their updates simultaneously, a move analysts see as a coordinated step that could signal regulatory readiness.

ETF analyst Nate Geraci of NovaDius Wealth Management projected that approval could come by mid-October. He pointed to the SEC’s recently streamlined review framework, which moves away from case-by-case approval and toward standardized processes. Bloomberg’s James Seyffart also highlighted the unusual timing of multiple submissions, noting that the synchronized filings may reflect regulatory coordination.

The unique factor in the new Solana ETF proposals is the addition of staking functionality. Each fund would allocate its Solana holdings into staking accounts, allowing them to participate in the network’s proof-of-stake mechanism. Rewards generated from this process would be distributed back to the funds, either in cash or Solana tokens, and classified as income.

This structure provides an additional revenue stream, possibly increasing net asset value for shareholders. The approach mirrors a broader trend in digital asset markets, where asset managers are exploring yield-generating mechanisms within regulated investment vehicles.

Early Market Interest in Solana ETFs Products

Investor demand for Solana-linked investment products has been rising globally. Bitwise’s European Solana staking exchange-traded product (ETP) recorded $60 million in inflows across five trading sessions earlier this month.

In the U.S., the REX-Osprey Solana Staking ETF has seen steady growth since launching on the Cboe BZX Exchange two months ago. It opened with $12 million in inflows on its first day and $33 million in trading volume.

Since then, assets under management have surpassed $250 million, with the fund recording more than $10.6 million in net inflows during a single session. Earlier in September, the REX-Osprey fund also shifted its structure from a C-Corporation to a regulated investment company, eliminating federal and state fund-level taxes to improve efficiency.

Broader Implications for Crypto ETFs

According to a CNF report, the introduction of staking in U.S. Solana ETFs could have wider effects on the regulatory environment. Ethereum ETF issuers have also sought permission to incorporate staking, and observers suggest the Solana filings may set precedent for other proof-of-stake assets.

Markus Thielen of 10x Research noted earlier this year that staking approval in ETFs could change market dynamics for Ethereum. With Solana now under review, analysts argue the SEC may be setting a framework that applies across multiple blockchain networks.

Grayscale has already expanded beyond single-asset funds, launching the CoinDesk Crypto 5 ETF, which includes Solana and XRP. That fund recorded $22 million in first-day trading volume. Meanwhile, Pantera Capital recently identified Solana as “next in line for its institutional moment,” citing under-allocation relative to Bitcoin and Ethereum in existing institutional products.