Several Solana staking ETFs may win US approval within two weeks: Analyst

Several applications for Solana exchange-traded funds (ETFs) with staking could receive US approval by mid-October, ETF analyst Nate Geraci said, following fresh regulatory filings.

?Guessing these are approved [within the] next two weeks,? Geraci, the president of NovaDius Wealth Management, said in an X post on Friday.

Geraci noted that asset managers Franklin Templeton, Fidelity Investments, CoinShares, Bitwise Asset Management, Grayscale Investments, VanEck, and Canary Capital all filed amended S-1 documents for spot Solana

SOL$206.03 ETFs to the US Securities and Exchange Commission (SEC) on Friday. The S-1 document is a comprehensive disclosure outlining the company?s financials, risk profile, and the securities they intend to offer.

First Solana staking ETF recently launched in US

It comes just over two months after the REX-Osprey Solana Staking ETF debuted on the Cboe BZX Exchange, recording $33 million in trading volume and $12 million in inflows on launch day.

Asset managers at Pantera Capital recently called SOL ?next in line for its institutional moment,? citing under-allocation relative to Bitcoin

Geraci suggested the next month could be significant for the crypto market, pointing to recent events like the first Hyperliquid (HYPE) ETF filing and the SEC?s approval of generic listing standards for crypto ETFs.

?Get ready for October,? Geraci said.

?Get ready for October,? G

Meanwhile, Bitwise Invest chief investment officer Hunter Horsley pointed out in an X post on Friday that Europe?s Bitwise Solana staking ETP saw $60 million in inflows over the past five trading days. ?Solana on people?s minds,? Horsley said.

Analysts from Bitfinex recently said that altcoins may not see a broad, outsized rally until the approval of more crypto ETFs that give investors exposure further down the risk curve.

Staking in filings is a good sign for spot Ether ETFs

The inclusion of staking into the recent US ETF filings ?bodes well for spot ETH ETF staking,? Geraci also pointed out.

Related: Solana needs three catalysts to push SOL beyond $200 toward $250

Several industry participants have recently echoed a similar sentiment. 10x Research?s head of research, Markus Thielen, recently told Cointelegraph that staking for Ethereum ETFs would increase the yield and could ?dramatically reshape the market.?

US ETF issuers are still waiting for the SEC to allow Ether ETFs to offer staking after filing numerous requests for permission earlier this year.

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