Emre Yumlu 
The crypto market is turning its focus to the United States, where multiple Solana staking ETF applications could receive approval in the coming two weeks. According to ETF analyst Nate Geraci, such an outcome could act as a major catalyst, potentially fueling market activity in October. So, what’s the latest on the Solana staking ETF front? Let’s break it down.
Leading Asset Managers File With the SEC
Geraci noted that heavyweight asset managers — including Franklin Templeton, Fidelity Investments, CoinShares, Bitwise, Grayscale, VanEck, and Canary Capital — have all submitted updated S-1 filings to the U.S. Securities and Exchange Commission (SEC) for spot Solana ETFs.
These S-1 filings serve as comprehensive disclosures, outlining company financials, associated risks, and the details of the securities to be listed.
The First Solana Staking ETF Already Live
The new wave of filings arrives just two months after the launch of the first Solana staking ETF in the U.S. The REX-Osprey Solana Staking ETF, which debuted on the Cboe BZX exchange, registered $33 million in trading volume and $12 million in inflows on its first day.
Pantera Capital has since argued that Solana could represent the “next big institutional opportunity,” pointing to its relatively under-allocated status compared to Bitcoin and Ethereum.
“Get Ready for October”
Geraci emphasized that October could be a pivotal month for crypto markets. Recent developments, such as the first Hyperliquid (HYPE) ETF filing and the SEC’s approval of new listing standards for digital asset ETFs, are adding momentum to the narrative.
Meanwhile, Bitwise CIO Hunter Horsley revealed that the Bitwise Solana Staking ETP in Europe attracted $60 million in inflows within just five trading days, adding that “Solana is clearly on investors’ minds.”
Another flurry of S-1 amendments filed today on spot sol ETFs…
Franklin, Fidelity, CoinShares, Bitwise, Grayscale, VanEck, & Canary.
Includes staking (yes, bodes well for spot eth ETF staking).
Guessing these are approved w/in next two weeks. pic.twitter.com/g13NDFKSEU
— Nate Geraci (@NateGeraci) September 26, 2025
Broader Altcoin Rally on the Horizon?
Analysts at Bitfinex have highlighted that a broad-based altcoin rally may not materialize until more crypto ETFs are approved, giving investors access further down the risk curve. Expanding ETF products could unlock significant demand for altcoins beyond Bitcoin and Ethereum.
Positive Implications for Ethereum ETFs
The inclusion of staking in the latest filings is also viewed as a promising signal for Ethereum ETFs. Geraci suggested that approval of staking features in spot ETH ETFs would be a game-changer, boosting yields and reshaping investor demand.
Other industry experts echoed this sentiment, stressing that staking-enabled Ethereum investment products could dramatically strengthen the market and attract a new wave of institutional interest.
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