Solana ETFs Near SEC Approval Amid Staking Push

- Major asset managers update filings to detail staking strategies. - Experts predict regulatory clearance within weeks, signaling a market breakthrough. Major asset management firms are signaling that the U.S. Securities and Exchange Commission (SEC) may soon approve spot Solana exchange-traded funds (ETFs) with staking features, following a recent wave of amended S-1 filings. On September 27, 2025, leading industry players, including Fidelity, Franklin Templeton, Grayscale, Bitwise, CoinShares, Canary Capital, and VanEck, updated their filings to clarify specific staking processes. These updates suggest the fund approval timeline is accelerating. According to The Block on September 27, the amendments detail how asset managers plan to stake Solana holdings to generate yield. Fidelity, for example, disclosed its intent to stake some or all of its Solana reserves, a mechanism that allows ETF holders to benefit from network rewards. These changes follow earlier updates in late August when issuers enabled both cash and in-kind redemptions for their proposed funds. Analysts believe these developments show streamlined communication and alignment between issuers and the SEC. According to Bloomberg analyst James Seyffart, the updated filings demonstrate signs of movement from both issuers and the SEC, and he predicted that Solana ETFs could become operational within weeks. Similarly, Nate Geraci, president of NovaDius Wealth, expressed optimism for a rapid approval, forecasting the funds could receive regulatory clearance within two weeks. While these new Solana-focused ETFs await SEC approval, other investment products already provide exposure to Solana. For instance, Hashdex recently added Solana to its Nasdaq Crypto Index US ETF, and REX-Osprey launched a staking-focused Solana fund in July. In addition, the SEC recently introduced accelerated listing standards for crypto-based ETFs, which should simplify and speed up the approval process for upcoming funds. Amid these regulatory developments, Solana's market performance has been mixed. According to CoinMarketCap data, as of 20:13 UTC on September 27, Solana (SOL) was trading at $202.38, a 0.962% increase over the past 24 hours. However, over the same period, its trading volume dropped by 57.2%, reflecting shifting market dynamics.