Industry Expert Says Solana ETFs With Staking ‘Approved Within The Next Two Weeks’

• NovaDius Wealth Management President Nate Geraci projected the SEC’s approval of pending Solana ETFs with staking in about two weeks.
• This comes after several investment managers submitted S-1 amendments for their Solana ETF filings to include the feature.
• The developments led to SOL price rallying by over 6% in the last 24 hours.

Nate Geraci, President of NovaDius Wealth Management, revealed during the weekend that prominent asset managers have recently revised their Form S-1 filings for spot Solana exchange-traded funds (ETFs). These include Franklin Templeton, Fidelity Investments, CoinShares, Bitwise, Grayscale, VanEck, and Canary Capital.

Their amended filings to the US Securities and Exchange Commission (SEC) indicate that they are seeking the inclusion of staking features for their proposed investment products. The ETF expert believes the filings would be “approved within the next two weeks.”

Significant Demand for Pending Solana ETFs Expected

Bitget forecasts that the new Solana ETFs with staking will immediately generate significant demand. It based its assessment on the success of the Rex-Osprey Solana Staking ETF (SSK), which recorded $33 million in trading volume and $12 million in inflows in its US market debut.

ADVERTISEMENTRex-Osprey notably strategically maneuvered its Solana ETF to include staking by structuring it under Rule 485(b) of the US Investment Company Act of 1940. The move allowed the fund to hold the underlying spot Solana and combine it with derivatives, including futures, to create staking rewards for investors.

Crypto Community Reacts to the Solana ETF News

Cryptocurrency community members reacted positively to the news. Some opined that it could set a precedent for the SEC’s approval of staking features in Ethereum (ETH) ETFs. Others stated that several Solana ETFs having staking before Ether ETFs would allow the former to outgrow the latter based on the yield narrative alone.

Additionally, people suggested that Solana ETFs will launch with a bang, given their staking element. They claimed it would open the floodgates to traditional finance’s (TradFi) exposure to a new asset class with virtually higher yields than other conventional investments. As one said, “TradFi’s about to discover what degenerate yield farming really means.”

ADVERTISEMENTThe positive outlook also extends to other pending altcoin ETFs, such as XRP, Dogecoin (DOGE), Hedera (HBAR), Litecoin (LTC), Cardano (ADA), Polkadot (DOT), Sui (SUI), and Avalanche (AVAX).

Meanwhile, optimism pushed the price of Solana by over 6%, from a $198.32 low to a $210.90 high, in the last 24 hours. Along the way, SOL’s market cap peaked at $114.6 billion.

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