Earning yield May Arrive for Solana ETFs, Provided SEC Approves
A group of leading asset managers has just resubmitted their Solana ETF applications, and this time they are incorporating earning yield. Bitwise, VanEck, Grayscale, Fidelity, 21Shares, Franklin Templeton, and Canary Capital have all filed updated S-1 forms with the SEC, signaling a clear intent: they aim to enhance these ETFs beyond merely tracking price. With SEC approval, Solana ETF could pave the way for income-generating rewards in traditional crypto investments.
What Changed?
The SEC offered feedback, and the issuers acted swiftly. On June 13, a surge of revised applications was submitted. The primary changes? More comprehensive details on redemption processes and, significantly, how earning yield rewards will be managed within the fund.
NEW: FIDELITY FILES S-1 FOR SOLANA ETF pic.twitter.com/XuNExVDibU
— DEGEN NEWS (@DegenerateNews) June 13, 2025
This is significant because staking adds a source of income generation that standard ETFs don’t offer. Investors are not only tracking the fluctuations of SOL’s price; they have the opportunity to earn rewards as well. This represents a critical shift, and the SEC appears to be considering it seriously.
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So… What’s the Deal With Staking?
If you’re unfamiliar, locking tokens is similar to earning interest. You allocate SOL tokens to support the network, and in trading network, you receive compensation. Most crypto asset holders can stake directly. However, using an ETF for this purpose is a new concept.
In earlier submissions, the SEC expressed hesitation regarding earning yield. Ethereum ETF proposals had to remove locking tokens concepts to progress. Yet now, these Solana filings are reintroducing the idea, and the SEC has not dismissed it. This alone indicates a possible shift within the agency.
Could We See an Approval Soon?
It’s beginning to look promising. Several sources believe the SEC is acting swiftly behind closed doors. Following the review of these updates, a decision may arrive as soon as July. This could place Solana ETFs on the table in just a few weeks.
Bloomberg analysts James Seyffart and Eric Balchunas estimate a strong likelihood, around 90 percent, particularly as Solana futures are already in trade on the CME. This precedent strengthens the argument for a spot product.
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The ETF Race Is On
This is not a single-player contest. Every prominent firm seems to be vying for a stake in the Solana ETF crypto market. Grayscale is looking to transform its current SOL trust. Others, such as Bitwise and VanEck, are pursuing new launches. A decision by the SEC could trigger a chain reaction where everyone rushes to have their version listed first.
(Franklin Templeton manages over $1.58 trillion in assets). pic.twitter.com/sMtbXDe5Ao
— SolanaFloor (@SolanaFloor) June 13, 2025
These aren’t solely crypto-native firms either. Major traditional institutions are now fully engaged in the ETF competition, indicating that Wall Street is taking Solana more seriously.
What Investors Should Pay Attention To
Solana’s price surged three percent following the update of the revised filings, indicating that traders are paying close attention. If earning yield is included in the final approval, it could significantly boost market demand. Such a yield feature enhances the attractiveness of these ETFs compared to conventional price trackers.
However, if the SEC takes too long or imposes additional restrictions, that enthusiasm could diminish quickly.
Bottom Line
Solana ETF proponents are advocating for a fresh type of product that merges price exposure with locking tokens rewards. If the SEC approves, a new category of crypto ETFs could emerge this summer. Such a development would be a significant advancement not only for Solana but also for the integration of crypto into traditional investing frameworks. The coming weeks will be crucial to observe.
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Key Takeaways
- Major asset managers have updated their Solana ETF submissions to incorporate potential locking tokens rewards, addressing SEC concerns about redemptions and fund structure.
- Earning yield enables ETFs to produce income beyond tracking prices, providing investors with a novel way to earn yields within a regulated investment framework.
- This represents a significant test for the SEC, which had previously resisted locking tokens in Ethereum ETF applications, yet has not dismissed Solana’s revised proposals.
- Analysts at Bloomberg now indicate a 90% approval likelihood, especially with existing Solana futures trading on the CME.
- If granted approval, staking-enabled Solana ETFs could transform the trading market, attracting both crypto-centric and traditional investors seeking yield.
The post Locking tokens Could Be Coming to Solana ETFs, If SEC Says Yes appeared first on 99Bitcoins.
