SEC Filings for Solana ETFs Now Include Staking, and Analysts Say Approval Could Come by Mid-October

Major asset managers add staking to Solana ETF filings, boosting potential investor returns.

Institutional inflows into Solana funds surge, with REX-Osprey surpassing $250M AUM in 2 months.

SEC rule changes may fast-track approval of staking-enabled Solana ETFs as early as mid-October.

Several leading asset managers have filed amended S-1 documents with the U.S. Securities and Exchange Commission (SEC) for proposed Solana exchange-traded funds (ETFs). The new filings introduce staking as a feature, enabling funds to earn on-chain rewards. Analysts expect the SEC could approve these products as early as mid-October.

Staking Added to ETF Filings

The amended filings were submitted by Franklin Templeton, Fidelity Investments, CoinShares, Bitwise Asset Management, Grayscale Investments, VanEck, and Canary Capital. Each included language on staking accounts, allowing funds to delegate Solana tokens within the network’s proof-of-stake system.

Funds participating in staking may receive rewards in Solana tokens or cash, which would be recorded as income. This approach allows ETFs to build additional returns beyond price exposure, potentially enhancing net asset value (NAV) for shareholders.

The move builds on earlier filings made this year. It also comes shortly after the SEC approved changes to listing standards for digital asset products. The update allows similar funds to launch without repeated case-by-case reviews, streamlining the approval process.

Growing Demand for Solana Products

Institutional demand for Solana has been increasing across global markets. In Europe, Bitwise reported $60 million in inflows to its Solana stake ETP within one week. In the U.S., the REX-Osprey Solana Staking ETF recently recorded $10.6 million in net inflows in a single day.

The REX-Osprey fund has surpassed $250 million in assets under management in just two months. Earlier this month, it converted from a C-Corporation to a regulated investment company, aiming to improve tax efficiency by eliminating fund-level taxation.

Grayscale has also expanded its offerings with the CoinDesk Crypto 5 ETF, which includes Solana and XRP. The diversified product recorded $22 million in first-day trading volume. Analysts suggest these developments may open the door for Ethereum ETF issuers also seeking to include staking.

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