Several Solana-based exchange-traded funds (ETFs) that incorporate staking could secure approval in the US as early as mid-October, according to ETF analyst Nate Geraci.
In a Friday post on X, Geraci — who serves as president of NovaDius Wealth Management — predicted that the pending applications may receive the green light within the next two weeks.
Geraci highlighted that major asset managers, including Franklin Templeton, Fidelity, CoinShares, Bitwise, Grayscale, VanEck, and Canary Capital, submitted updated S-1 registration statements to the Securities and Exchange Commission (SEC) on Friday. These filings provide regulators with detailed information about financials, risks, and the securities being offered.
REX-Osprey paved the way
The developments follow the July launch of the REX-Osprey Solana Staking ETF on the Cboe BZX Exchange. That product drew in $33 million in trading activity and $12 million in net inflows on its first day.
Pantera Capital analysts have also argued that Solana is “positioned for its institutional breakthrough,” suggesting the asset remains underrepresented compared to Bitcoin and Ether.
October shaping up as key month
Geraci noted that October could prove pivotal for crypto markets, referencing the first Hyperliquid (HYPE) ETF filing and the SEC’s recent approval of broad crypto ETF listing standards. “Get ready for October,” he remarked.
Meanwhile, Bitwise CIO Hunter Horsley pointed out that the firm’s Solana staking ETP in Europe has already attracted $60 million in inflows over the past week, showing rising institutional interest.
Analysts at Bitfinex recently cautioned that a stronger altcoin rally may not occur until regulators approve a broader range of ETFs that extend exposure beyond Bitcoin and Ether.
Positive signal for Ether staking ETFs
Geraci also stressed that the inclusion of staking in Solana ETF applications is an encouraging sign for future Ethereum ETF products.
This view has been echoed across the industry. Markus Thielen, head of research at 10x Research, recently suggested that enabling staking within Ethereum ETFs could significantly boost yields and reshape the market structure.
For now, issuers in the US continue to wait for the SEC’s response to their requests to incorporate staking into spot Ether ETFs — applications that have been on hold since earlier this year.
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