U.S. SEC Signals Possible Green Light for Solana ETFs, Requests Updated Filings Including Staking Features
Key Points:
- The U.S. Securities and Exchange Commission (SEC) has asked issuers of Solana-based Exchange-Traded Funds (ETFs) to revise their S-1 registration statements.
- The revisions include details on in-kind redemptions and staking, suggesting a potential SEC approval could arrive within 3–5 weeks.
- Marinade Finance has been named as the staking partner for Canary Capital’s Marinade Solana ETF, which now includes staking rewards for investors.
In a notable development, the SEC has requested Solana ETF providers to update their S-1 forms—an important step in the regulatory process. These changes, which now incorporate staking elements, are being viewed as a signal that the agency is positioning itself to approve Solana ETFs sooner than expected, possibly by mid-summer.
According to Bloomberg analyst James Seyffart, while official approval might not arrive until the end of 2025, the SEC’s current focus on 19b-4 filings for Solana and staking-related ETFs points to a potentially accelerated timeline.
This new wave of regulatory openness includes the SEC’s consideration of staking as part of ETF offerings. This means investors could earn rewards from holding Solana ETFs—an important milestone given staking’s integral role in the Solana ecosystem.
Marinade Finance has emerged as the sole staking provider for the first U.S.-based Solana ETF using this feature, showing that the SEC is open to innovative blockchain-based investment structures.
The crypto industry is closely watching these developments, as SEC approval of Solana ETFs could trigger broader interest in altcoin ETFs, following the model set by Bitcoin ETFs. Approval would also mark a key step in giving institutional investors regulated exposure to Solana.
If Solana ETFs gain approval soon, it may spark further adoption and development in the broader cryptocurrency market.
