Regulatory changes spark optimism for a Solana ETF, putting the $400 milestone within reach

Source: [1]

ETF Update: Grayscale, Fidelity, Others Files S-1 With …

[2] Solana ETF Nears Approval as Grayscale, Fidelity File S-1s With …

[3] Multiple Solana Staking ETFs Could Get SEC Approval Within Two …

[4] Grayscale, Fidelity Update Solana ETF Filings With Staking

[5] Solana ETF Filings Surge as Fidelity, Franklin, and Grayscale Join …

[6] Solana Approval: SEC Delays ETF Decision Amid Bullish Bets

[7] Canary Capital Updates SEC Filing for Solana ETF with Staking

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Leading investment firms such as Grayscale, Fidelity, Bitwise, VanEck, and others have recently submitted revised S-1 documents to the U.S. Securities and Exchange Commission (SEC) for Solana (SOL) exchange-traded funds (ETFs). These updated filings, which now include staking features, reflect a rising level of institutional trust in the Solana blockchain. By allowing ETFs to participate in Solana’s proof-of-stake system, the staking component aims to boost net asset value (NAV) and generate extra returns for shareholders. Bloomberg’s James Seyffart pointed out the synchronized nature of these filings, indicating a higher degree of regulatory interaction.

The staking arrangements described in the filings permit funds to delegate their Solana assets to specific staking accounts, earning rewards either in cash or

tokens. These earnings are classified as income, directly increasing the fund’s NAV. ETF expert Nate Geraci observed that adding staking is in line with recent regulatory developments, especially after the SEC simplified the approval process for Ethereum ETFs. Geraci anticipates that Solana ETFs could be greenlit within two weeks, citing the SEC’s improved handling of digital asset applications.

Recent regulatory changes have accelerated progress for Solana ETFs. In September, the SEC allowed Grayscale’s Ethereum products to move from individual approvals to a standardized process, making it easier for similar crypto ETF applications to move forward. This adjustment has made the approval path for crypto ETFs more efficient, with Geraci suggesting that Solana ETFs could see initial approvals as soon as early October. This shift is part of a broader push to align digital asset regulations, as seen in both U.S. and European frameworks like MiCA.

There has been a notable increase in institutional interest for Solana-related products, further supporting these filings. Bitwise’s Solana staking ETP in Europe attracted $60 million in new investments during its first week, while the REX-Osprey Solana Staking ETF in the U.S. amassed over $250 million in assets within two months. REX-Osprey also recently converted its fund into a regulated investment company, removing federal and state taxes at the fund level to improve tax efficiency. Grayscale’s CoinDesk Crypto 5 ETF, which holds both Solana and

, saw $22 million in trading volume on its opening day.

Market experts remain positive about Solana’s outlook. Technical analysis shows the token is holding above important support zones, with a possible rally toward $250–$300. Should ETF approvals come through by mid-October, some analysts believe Solana could climb to $400. Nevertheless, challenges such as network disruptions and regulatory ambiguity remain. The SEC’s careful stance, including postponing some decisions until November 2025, highlights the ongoing need to monitor custody and market security measures.

The regulatory environment for crypto ETFs is changing quickly. The SEC’s latest Joint Statement with the CFTC clarified that regulated exchanges are permitted to list spot crypto assets under current regulations, removing a significant barrier for institutional investors. At the same time, Europe’s MiCA rules have established a unified regulatory landscape, making cross-border compliance for crypto products easier. These changes signal a worldwide move toward greater institutional involvement, with Solana well-placed to benefit from its robust blockchain and expanding ecosystem.

With more than 96 crypto ETF applications awaiting review, Solana stands out as a top choice among institutional investors. Approval of staking-enabled ETFs could unlock billions in new investments, further cementing Solana’s position in mainstream finance. As the SEC completes its review, the industry is watching for guidance on custody and investor protection standards, which will be crucial for the long-term success of these products. For now, the combination of regulatory progress and strong institutional demand marks a turning point for Solana’s integration into traditional financial markets.