Analysts See Potential Green Light for Multiple Solana ETF Filings
Several Solana staking exchange-traded funds (ETFs) could receive approval from US regulators within the next two weeks, according to leading ETF analysts, a development that may act as a catalyst for the broader altcoin market.
On Friday, multiple asset managers — including Franklin Templeton, Fidelity, CoinShares, Bitwise Asset Management, Grayscale, VanEck, and Canary Capital — submitted amended S-1 registration documents to the US Securities and Exchange Commission (SEC) for spot Solana ETFs with staking features. These filings outline the funds’ structures, risks, and intended offerings.
ETF analyst Nate Geraci noted that the timing of these updates suggests regulators may be preparing to move quickly. “Guessing these are approved [within the] next two weeks,” he said in a recent post.
Institutional Interest Rising
The optimism builds on the momentum of the first US-listed Solana Staking ETF, which launched on the Cboe BZX Exchange just over two months ago. The fund recorded $33 million in trading volume and $12 million in inflows on its debut day, underscoring investor demand for Solana exposure.
Pantera Capital recently highlighted SOL as “next in line for its institutional moment,” citing its relative under-allocation compared with Bitcoin and Ethereum. Similarly, Bitwise’s chief investment officer Hunter Horsley pointed to strong inflows in Europe, where the Bitwise Solana staking ETP saw $60 million in new capital over the past five trading days, adding, “Solana on people’s minds.”
Broader Market Impact
Analysts suggest that ETF approvals could serve as a key trigger for the next altcoin season. Researchers from Bitfinex argued that wider rallies may not begin until regulators greenlight more products that give investors exposure to assets beyond Bitcoin and Ethereum.
The inclusion of staking in US ETF filings is also seen as a positive sign for future Ether ETFs with staking options. Geraci emphasized that such structures could enhance yields and reshape the market landscape, aligning with calls from other industry experts for expanded staking opportunities.
With several high-profile firms awaiting feedback from the SEC, October could mark a turning point for Solana and the wider digital asset sector. As institutional products gain traction, analysts expect investor confidence — and liquidity — to deepen across the altcoin market.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.