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Multiple asset managers updated their Solana ETF filings last week.
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Revisions included details on staking, suggesting coordination with the SEC.
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Analysts say approval could come within two weeks.
Coordinated Filings
Asset managers including Fidelity, Franklin Templeton, CoinShares, Bitwise, Grayscale, Canary, and VanEck amended their Solana ETF applications on Friday. Updates centered on how each fund would stake SOL to generate yield, showing alignment with regulatory expectations.
Analyst Views on Approval Timeline
Bloomberg’s James Seyffart and NovaDius Wealth’s Nate Geraci both suggested that the revised filings signal progress with the SEC. They estimate approvals could be granted in a matter of days or weeks, pointing to increased collaboration between issuers and regulators.
Growing Market for Solana ETFs
While some funds already provide indirect exposure to Solana, these would mark the first direct spot ETFs with staking rewards in the U.S. REX-Osprey launched the first Solana staking ETF in July, and now major firms are looking to follow as SEC approval processes accelerate.
