Exchange-traded fund (ETF) expert Nate Geraci noted that several of these financial instruments linked to Solana's native cryptocurrency could be approved "within the next two weeks."
According to Geraci, "Franklin, Fidelity, CoinShares, Bitwise, Grayscale, VanEck, and Canary" are the companies that filed new S-1 amendments with the U.S. Securities and Exchange Commission (SEC).
In addition, the specialist clarified that "they include staking." Bloomberg analyst James Seyffart provided the same information.
SOL cash ETFs are coming closer in the United States. Source: Nate Geraci / X.
S-1 documents are mandatory SEC filings that contain the financial and operational information of a fund issued by a company prior to its launch.
The commission reviews and responds to these requests, and may approve, reject, or request modifications. The body has until October 10th to complete its review, although it may make a decision before then.
The inclusion of staking in these ETFs means that, in addition to replicating the price of the underlying asset (in this case, SOL), they would allow administrators to participate in the Solana network's validation mechanism to earn additional rewards.
However, Solana already has a similar instrument listed in the US. A futures ETF based on this asset debuted on July 2, managed by REX Shares and Osprey Funds.
The fund, called REX Osprey Sol Staking (ticker SSK), launched trading on the Chicago Board Options Exchange (CBOE) and offers investors direct exposure to the price of SOL while generating additional income by staking the cryptocurrency.
Separately, on September 26, Bitwise CEO Hunter Horsley revealed that the company had filed its Form 8-A with the SEC.
This form is used to officially register a company's securities that have already been approved in an S-1 filing, a necessary step for ETFs to begin trading publicly.
Meanwhile, SolanaFloor, a portal specializing in the Solana ecosystem, reported on September 26 that "Bitwise revealed $60 million in revenue this week in its European Solana staking ETP, reflecting growing institutional demand for Solana exposure."
This capital inflow suggests that large investors are already interested in instruments linked to SOL and its staking mechanism.
