TLDR
- An expert has predicted that the SEC could approve the pending SOL ETF filings later this week.
- Solana ETPs have reached a record $5.1 billion in total assets under management.
- Recent amendments to ETF filings now include staking features to enhance fund rewards.
- Major issuers, such as Grayscale, Bitwise, and Canary, are actively pursuing approval for SOL ETFs.
- A public letter from issuers urges the SEC to allow liquid staking tokens in ETF structures.
A leading analyst expects the SEC to approve SOL ETF filings within days, as Solana ETPs post record-breaking inflows. Bitwise, Grayscale, and others have amended filings to include staking, signaling strong issuer confidence. Meanwhile, total assets in Solana-based exchange products have surpassed $5.1 billion, more than doubling previous records.
SOL ETF Issuers Increase Pressure with Staking Proposals
Grayscale, VanEck, 21Shares, Bitwise, and Canary are all pursuing approval for an SOL ETF in the United States. Recently, Bitwise, Grayscale, and Canary updated their S-1 forms to include staking mechanisms for earning native rewards. These amendments highlight growing issuer interest in turning SOL ETF products into income-generating vehicles.
https://x.com/TheCryptoLark/status/1975147566351237315
Furthermore, these firms sent a public letter to the SEC requesting approval for liquid staking tokens (LSTs) within ETF structures. They argued that LSTs could increase efficiency and turn a SOL ETF into a prototype for tokenized finance. “Integrating staking aligns with Solana’s native design and strengthens investor returns,” the letter emphasized.
This change may reshape ETF operations, allowing the use of proof-of-stake rewards to enhance fund value. With strong support from top issuers, the SEC faces mounting pressure to finalize its stance. If approved, it would be the first U.S.-based crypto ETF with direct staking features.
Solana ETPs Hit $5.1B AUM Amid Surging Interest
CoinShares confirmed that Solana investment products attracted $706 million in inflows during the latest reporting week. This pushed the total assets under management for all Solana ETPs to a new record of $5.1 billion. Previously, the all-time high stood at just $311 million in July.
These figures reflect a sharp increase in institutional interest despite partial government shutdowns and regulatory delays. According to CoinShares, “This week’s Solana inflow is the highest on record for any altcoin-based ETP.” This surge indicates that investors view the SOL ETF as a legitimate and scalable investment vehicle.
The only existing SOL ETF in the U.S. market is the REX Shares Solana Staking ETF (SSK), holding over $406 million in assets. Its continued growth further reflects Wall Street’s appetite for Solana exposure. This momentum adds weight to predictions of imminent SEC approval.
Jupiter ETP Launch and Futures ETFs Add Momentum
21Shares recently launched the Jupiter ETP (AJUP) on the SIX Swiss Exchange, increasing global access to the Solana ecosystem. This new ETP provides direct exposure to Jupiter, Solana’s leading decentralized liquidity platform. The hub currently handles over 90% of Solana transactions and $8 billion in weekly trading volume.
Cumulative trade volume on Jupiter has now crossed $1 trillion, demonstrating the network’s expanding reach and influence. Institutional investors are using this platform to access deeper liquidity and price discovery. The AJUP product represents the ecosystem’s growing legitimacy in traditional markets.
Meanwhile, futures-based SOL ETF products have surpassed $1 billion in total inflows across all issuers. These futures instruments, despite regulatory hurdles, show sustained demand among professional investors.
