Increment in Solana ETF Applications, Major Players Involved
The cryptocurrency market is abuzz with anticipation as several proposals for Solana Exchange-Traded Funds (ETFs) from major asset managers like Franklin Templeton, Fidelity, Grayscale, Bitwise, and CoinShares are currently under review by the U.S. Securities and Exchange Commission (SEC).
These ETFs, if approved, could make investing in cryptocurrencies more accessible to a wider audience, as they would require less technical expertise. However, the SEC has been cautious about approving crypto ETFs, particularly spot ones, due to concerns about fraud and investor protection.
In an effort to address these concerns, all known Solana ETF applicants, including Franklin Templeton and Fidelity, along with Grayscale, Bitwise, and CoinShares, have amended their registrations in mid-2025 to incorporate staking disclosures. Grayscale's updated filing includes a 2.5% annual fee payable in SOL tokens, while others like VanEck and Bitwise have integrated staking rewards and dual custodianship into their proposals.
These refined filings suggest a mature stage of dialogue with the SEC, with a final decision anticipated between late August and October 2025. Notably, REX Osprey’s Solana Staking ETF is already operational in the U.S. as of July 2025, indicating some progress towards approval and launch of similar funds from these larger asset managers.
The competition for launching Solana ETFs is heating up, with major players like Franklin Templeton, Fidelity, Bitwise, and Grayscale in the running. The emergence of new proposals from these companies might make the SEC more receptive to the idea of Solana ETFs.
If approved, these ETFs would provide easier access to the rapidly growing Solana blockchain for individual investors. The approval could signal a significant step forward for Solana's institutional adoption and price outlook. The industry is aligning strategies to satisfy SEC conditions, with expectation of imminent regulatory decisions affecting Solana's market.
Investing in Solana could soon become easier, more secure, and more profitable, should the SEC give the green light to these ETF proposals.
- To attract the SEC's approval, Franklin Templeton, Fidelity, and other applicants for Solana ETFs, like Grayscale, Bitwise, and CoinShares, have incorporated staking disclosures in their refined filings.
- The approval of these Solana ETF proposals could make staking in the Solana blockchain an accessible, secure, and potentially profitable investment opportunity for individual finance enthusiasts.
