Staking Could Be Coming to Solana ETFs, If SEC Says Yes

A crowd of heavyweight asset managers just resubmitted their Solana ETF applications, and this time they’re making room for staking. Bitwise, VanEck, Grayscale, Fidelity, 21Shares, Franklin Templeton, and Canary Capital have all dropped updated S-1 forms into the SEC’s inbox, and the message is clear: they want to make these ETFs do more than just track price. If the SEC gives the green light, Solana ETF approval could introduce income-generating rewards to traditional crypto investing.

What Changed?

The SEC gave feedback, and the issuers responded fast. On June 13, a wave of revised filings rolled in. The key tweaks? Better explanations on how redemptions will work and, more notably, how staking rewards might be handled inside the fund.

NEW: FIDELITY FILES S-1 FOR SOLANA ETF pic.twitter.com/XuNExVDibU

— DEGEN NEWS (@DegenerateNews) June 13, 2025

This matters because staking adds a layer of income generation that traditional ETFs don’t have. You’re not just riding the ups and downs of SOL’s price; you could be earning rewards along the way. That’s a major shift, and the SEC seems to be weighing it carefully.

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So… What’s the Deal With Staking?

If you’re new to this, staking is basically like earning interest. You lock up SOL tokens to help support the network, and in return, you get paid. Most crypto holders can stake directly. But doing it through an ETF? That’s new territory.

In past filings, the SEC was squeamish about staking. Ethereum ETF proposals had to drop the idea altogether to get anywhere. But now, these Solana filings are putting it back on the table, and the SEC hasn’t shut it down. That alone is a sign that something might be shifting inside the agency.

Could We See an Approval Soon?

It’s starting to look like yes. Multiple sources believe the SEC is moving quickly behind the scenes. Once these updates are reviewed, a decision could come as early as July. That would put Solana ETFs in play just weeks from now.

Solana

Price

Market Cap

SOL

$78.32B

24h7d30d1yAll time

Bloomberg analysts James Seyffart and Eric Balchunas think the odds are strong, around 90 percent, especially since Solana futures are already trading on the CME. That precedent helps make the case for a spot product.

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The ETF Race Is On

This isn’t a one-player game. Every major firm seems to be chasing a piece of the Solana ETF market. Grayscale wants to convert its existing SOL trust. Others, like Bitwise and VanEck, are going for fresh launches. The SEC’s decision could spark a domino effect where everyone scrambles to get their version listed first.

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