Paul Johnson Solana Staking ETF May Secure US Approval in October
The countdown has begun for what could be one of the most significant regulatory breakthroughs in the altcoin market this year. Analysts suggest that several Solana staking ETF applications could win approval from the US Securities and Exchange Commission (SEC) within the next two weeks. If confirmed, this move would not only mark a milestone for Solana but could also serve as the spark for a broader altcoin rally.
ETF strategist Nate Geraci, president of NovaDius Wealth Management, shared on X (formerly Twitter) that updated S-1 filings from leading asset managers signal imminent progress. According to him, the clock is ticking for what might be one of the most closely watched ETF approvals of 2025.
Heavyweights File for Solana ETFs With Staking
The latest filings include applications from top-tier asset managers such as Franklin Templeton, Fidelity, CoinShares, Bitwise, Grayscale, VanEck, and Canary Capital. All submitted amended S-1 documents outlining risk profiles, financial disclosures, and specifics of their proposed Solana products.
This isn’t Solana’s first brush with the ETF market. In July, the REX-Osprey Solana Staking ETF debuted on the Cboe BZX Exchange, pulling in $33 million in trading volume and $12 million in inflows on launch day. That successful rollout demonstrated investor appetite for exposure to SOL through regulated channels—something larger issuers now want to capitalize on.
Solana’s Institutional Moment is Coming
Pantera Capital analysts have already argued that Solana may be “next in line for its institutional moment,” pointing out that allocations to SOL remain far smaller compared to Bitcoin and Ethereum. If these new ETFs secure approval, institutional desks may finally have a compliant vehicle to add Solana exposure at scale.
The narrative isn’t limited to the US. Europe’s Bitwise Solana Staking ETP recently recorded $60 million in inflows over five trading days, underscoring the global demand for yield-generating SOL products. Hunter Horsley, CIO at Bitwise, remarked that “Solana is on people’s minds,” reflecting how rapidly institutional interest is building.
Why Staking in ETFs Changes the Game
Unlike traditional spot ETFs, a Solana staking ETF allows investors to benefit from staking rewards directly through their fund holdings. Analysts believe this feature could significantly enhance returns compared to passive exposure, creating a competitive edge in the ETF marketplace.
Markus Thielen, head of research at 10x Research, has argued that adding staking to Ethereum ETFs could “dramatically reshape the market.” If the SEC permits staking for Solana ETFs, it may pave the way for similar functionality in Ethereum products—a development eagerly awaited by issuers.
October: A Make-or-Break Month for Crypto ETFs
Geraci emphasized that October could become a defining month for crypto ETFs. The SEC recently approved generic listing standards for crypto ETFs and received the first filing for a Hyperliquid (HYPE) ETF, both of which point to a more open stance toward digital asset products.
If Solana staking ETFs are approved this month, it could signal that regulators are more comfortable expanding beyond Bitcoin and Ethereum. For altcoin enthusiasts, that could mean the start of a long-awaited altseason.
Broader Implications for Ethereum and Altcoins
Interestingly, the inclusion of staking in the Solana filings is seen as a bullish signal for Ethereum ETF applicants still waiting for SEC approval to integrate staking. While Ether spot ETFs have already gone live in the US, regulators have yet to approve versions with staking enabled. Geraci suggested that Solana’s progress could unlock the door for Ethereum to follow.
Meanwhile, analysts at Bitfinex cautioned that altcoins may not experience a full-scale rally until more ETF approvals broaden investor access. If Solana ETFs move forward, it could help accelerate that process and lift the entire altcoin complex.
Final Thoughts: Solana at the Edge of History
The race for Solana staking ETF approval is about more than one digital asset—it’s about the maturation of the crypto ETF landscape. With powerhouse issuers lined up, strong institutional demand overseas, and growing momentum in Washington, all eyes are now on the SEC’s next move.
Should the greenlight arrive in October, it could trigger not only a rally in Solana but also reshape how investors think about yield-bearing crypto products. One thing is certain: Solana’s time in the institutional spotlight may finally be here.
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Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards.
