Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Major firms file spot Solana ETF applications with staking features

Major firms file spot Solana ETF applications with staking features

TheCryptoUpdatesTheCryptoUpdates2025/09/28 21:27
By:Timm

Major ETF Players Submit Solana Applications

Nate Geraci, who runs The ETF Store, shared some interesting news today about the crypto ETF space. Apparently, several big names in the investment world have filed updated applications for spot Solana ETFs. We’re talking about Franklin, Fidelity, CoinShares, Bitwise, Grayscale, VanEck, and Canary – basically all the heavy hitters.

What caught my attention is that these applications include staking provisions. That’s significant because if regulators approve staking for Solana ETFs, it might set a precedent for Ethereum ETFs too. Investors seem to be viewing this as a positive signal that staking could eventually get the green light for Ethereum products.

Timeline Expectations and Recent Developments

Geraci made a pretty bold prediction about the approval timeline. He thinks we could see these Solana ETFs approved within the next two weeks. That’s quite aggressive, honestly, but he’s been right about these things before.

Looking back at the past couple weeks, there’s been a lot happening in the crypto ETF space. We’ve seen the first spot XRP ETF, the first Dogecoin ETF, and even the SEC approving public listing standards. There was also the first index-based spot crypto ETF and the first Ethereum staking ETF. Oh, and Vanguard has been pushing back against spot crypto ETFs, which isn’t surprising given their traditional approach.

October as a Potential Turning Point

With all these developments stacking up, Geraci believes October could be a critical month for crypto ETFs. I’m not sure if it’ll be quite that dramatic, but the pace of activity does seem to be picking up.

The staking component in these applications is particularly interesting. It suggests that issuers are thinking about how to make these products more attractive to investors beyond just price exposure. Passive income through staking could be a game-changer, though regulators might have concerns about the mechanics.

It’s worth noting that while Geraci is optimistic about the two-week timeline, regulatory processes can be unpredictable. The SEC has been cautious about crypto ETFs in general, though they’ve warmed up to the idea over time.

What strikes me is how quickly the landscape is evolving. Just a few years ago, the idea of multiple spot crypto ETFs seemed far-fetched, and now we’re talking about staking features and rapid approvals. The market seems to be maturing faster than many expected.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

CoinGecko data: A new round of FOMO? Only 50% of new crypto investors would choose Bitcoin

Bitcoin's market dominance may shrink, but it is likely to remain an "anchor" in many investors' portfolios.

深潮2025/09/28 20:51
CoinGecko data: A new round of FOMO? Only 50% of new crypto investors would choose Bitcoin