Securities Filing: CoinShares Seeks SEC Approval for Solana Spot Exchange-Traded Fund (ETF) Launch
Scoop! Solana ETF Race Heats Up with CoinShares' Latest Move
CoinShares is the newest player to jump into the Solana ETF race, filing an S-1 with the U.S. Securities and Exchange Commission (SEC). This announcement adds CoinShares to a list of eight major asset managers eyeing the Solana ETF space, including 21Shares, Bitwise, Canary Capital, Fidelity, Franklin Templeton, Grayscale, and VanEck.
Invesco and Galaxy Digital are also joining the fray, having registered a trust named Invesco Galaxy Solana ETF with Delaware’s Division of Corporations, indicating their intention to file an S-1 registration statement with the SEC.
CoinShares, like others, is aiming for a spot Solana ETF. Their registration statement was filed on June 13, 2025. These developments follow moves by Fidelity, Grayscale, VanEck, Franklin Templeton, and others who either submitted new filings or updated their existing ones in the past day. Notably, every one of these filings mentions staking, signaling that this feature is becoming standard for these proposed funds.
Unlike the recently approved Ethereum ETFs, which ditched staking to secure SEC approval, these Solana ETF filings appear to be all-in when it comes to staking. If approved, these funds could potentially earn staking rewards on top of SOL price exposure, a prospect that is likely to excite both retail and institutional investors.
However, the regulatory landscape for staking remains somewhat unclear. Despite its significance in many cryptocurrency protocols, staking remains a grey area for the SEC. The SEC has requested clarification on staking-related language in recent filings, indicating that transparency and regulatory compliance are top priorities.
Despite this, analysts are optimistic about the Solana ETF approval outlook. Some suggest a 90% to 91% probability of approval in 2025. The SEC’s active engagement with issuers and recent update in filings suggest a promising trajectory for these applications. Still, the regulatory process often involves multiple rounds of discussions and revisions, which could potentially delay final approval.
Stay tuned for the latest developments in the Solana ETF race! If you're intrigued, don't miss our article on "CoinShares Registers Solana ETF Amid 90% Odds of SEC Approval".
- With CoinShares and Invesco Galaxy joining the Solana ETF race, technology-focused finance is witnessing a surge in investing opportunities, as these possibilities could potentially earn staking rewards on top of SOL price exposure.
- As CoinShares, like other contenders, aims for a spot in the Solana ETF space, theunclear regulatory landscape for staking remains a significant concern, with the SEC requesting clarification on staking-related language in recent filings.
- Given the optimistic analyst outlook, predicting a 90% to 91% probability of SEC approval in 2025, and the SEC's active engagement with issuers and recent updates in filings, the Solana ETF race promises a promising trajectory for these applications, despite potential delays from the regulatory process.
%20Launch){kind=link}