Big-name investment firms like Bitwise, VanEck, and Fidelity are doubling down on their push for Solana ETFs—this time with a twist. They’ve resubmitted applications to the SEC, and the new versions include a proposal to let these ETFs stake Solana tokens, not just hold them. Staking could mean earning rewards for investors, but it’s all riding on the SEC’s approval.

Editor’s Note: If the SEC greenlights staking in Solana ETFs, it could be a game-changer. Right now, crypto ETFs mostly just track prices, but staking would let them generate passive income—something that could attract more mainstream investors. It’s also a sign that Wall Street is getting bolder with crypto products, even as regulators stay cautious. The big question: Will the SEC play along, or will they hit pause over concerns about risk? Either way, it’s a step toward blending traditional finance with crypto’s more innovative features.

Seven investment firms have filed paperwork (S-1 forms) to launch Solana-based ETFs, signaling growing interest in crypto investment products beyond Bitcoin and Ethereum. However, ETF analyst James Seyffart notes these filings include staking provisions—a sticking point with regulators—and expects a lengthy negotiation process with the SEC before approval.

Editor’s Note: While this shows Wall Street's appetite for Solana exposure, it's not a done deal. The SEC has been skeptical about crypto staking in ETFs, and these filings kick off what could be months of regulatory back-and-forth. For crypto enthusiasts, it's progress—but don't expect these funds to hit the market anytime soon.

Investment giants Invesco and Galaxy Digital just took a big step toward launching a Solana ETF in the U.S. by filing paperwork for a trust in Delaware. It's early days, but this move signals serious interest in bringing crypto's "other big coin" to mainstream investors through a regulated fund.

Investment heavyweights Invesco and Galaxy Digital are making moves to launch a Solana-based ETF in the U.S., filing paperwork for an "Invesco Galaxy Solana ETF" trust in Delaware. This follows a pattern we've seen before—companies often set up these legal structures as a first step before formally asking regulators for approval.

Fidelity, the financial giant, has taken a big step toward launching a spot Solana ETF by filing an S-1 form with the SEC. This move signals growing institutional interest in Solana (SOL), a major cryptocurrency often seen as a competitor to Ethereum. If approved, it would give mainstream investors an easy way to bet on SOL without directly holding the crypto—similar to how Bitcoin ETFs opened the floodgates for BTC exposure.

Editor’s Note: Fidelity jumping into the Solana ETF race is a big deal—it’s not just some niche crypto firm, but a heavyweight in traditional finance. This could mean more legitimacy for Solana and another sign that crypto is creeping further into the mainstream investment world. But don’t pop the champagne yet: the SEC has been slow to approve crypto ETFs beyond Bitcoin, so this could still face hurdles. Either way, it’s a clear signal that institutional players are eyeing SOL as more than just a speculative asset.