Several Solana Staking ETFs May Win US Approval Within Two Weeks

Analyst Nate Geraci predicts that multiple applications for Solana exchange-traded funds (ETFs) with staking features might gain approval from the US Securities and Exchange Commission (SEC) by mid-October. This prediction follows recent filings from major asset managers, including Franklin Templeton and Fidelity Investments. Geraci believes that these approvals could signal the start of a broader altcoin season in the crypto market. The first Solana staking ETF recorded significant trading volume shortly after its launch on the Cboe BZX Exchange. Analysts are optimistic that the imminent approval of these ETFs may encourage further institutional interest in cryptocurrencies. The inclusion of staking in these filings is noted as a positive sign for future spot Ether ETF approvals, suggesting an evolving regulatory landscape that favors crypto investments. The recent increase in trading activity and investments indicates growing momentum for Solana as it garners attention within the crypto community.

Source 🔗