CoinShares has officially entered the race for a Solana exchange-traded fund (ETF) after filing an S-1 form with the U.S. Securities and Exchange Commission (SEC). With this move, CoinShares becomes the eighth major asset management firm to propose a Solana-based ETF, signaling rising institutional interest in the blockchain’s potential.
Major Firms Line Up Behind Solana ETFs
CoinShares isn’t alone. Other big names in the industry—such as Fidelity, Grayscale, VanEck, and Franklin Templeton—have also submitted similar ETF proposals. These filings point to Solana’s growing reputation as a serious contender in the crypto space.
What makes these Solana ETF applications stand out is the inclusion of staking features. Unlike Ethereum ETFs, which were recently approved without staking, the proposed Solana funds would allow asset managers to stake SOL tokens and earn rewards. This additional yield potential could make the ETFs more attractive to both institutional and retail investors.
Why Solana Could Be the Next Big Crypto ETF
Solana’s strong performance, ultra-low fees, and lightning-fast transaction speeds make it an appealing candidate for ETF-based investment products. It has steadily climbed the ranks of blockchain platforms, drawing attention from developers, investors, and now major financial institutions.
The fact that multiple asset managers are backing Solana ETFs with staking adds momentum to the idea that SOL could lead the next wave of crypto-backed investment offerings. All eyes are now on the SEC to see how it will respond to these proposals.
Approval of a Solana ETF—especially one with staking benefits—would mark a significant milestone for the broader crypto market. It would not only validate Solana’s place among top-tier digital assets but also signal greater regulatory acceptance of blockchain-based financial products.
As interest in crypto ETFs continues to surge, the SEC’s decision on Solana could shape the future of crypto investment in the United States.
