Solana News Today: CoinShares Moves to Launch U.S. Solana Staking ETF

CoinShares has initiated the process for a U.S.-based Solana (SOL) staking ETF by registering a new entity in Delaware. This step is seen as a foundational move in developing a product that merges the benefits of Proof-of-Stake (PoS) staking with the liquidity and accessibility of traditional ETFs. The proposed fund would hold Solana tokens and stake them on the network to earn rewards, which could be distributed to investors either through an increase in the ETF’s net asset value or as direct payments [1].

By doing so, the product aims to simplify access to Solana for institutions and individuals who may lack the technical infrastructure or expertise to manage staking themselves. The firm’s approach is particularly targeted at institutional investors, such as pension funds and endowments, who have often avoided direct crypto investments due to regulatory and operational complexities [2].

However, the path to approval remains uncertain. The U.S. Securities and Exchange Commission (SEC) has been cautious about staking-based and altcoin ETFs, with key regulatory considerations including the legal classification of Solana, the treatment of staking rewards, investor protections, and secure asset custody. Additional risks, such as the potential for “slashing” — a mechanism that can penalize validators who misbehave or experience downtime — must also be addressed [3].

CoinShares is not alone in this endeavor. At least seven other asset managers have filed amended registration statements for spot Solana ETFs with the SEC, indicating growing industry-wide interest [4]. The SEC appears to be moving toward clearer regulatory standards for crypto ETFs, with reports suggesting that a dozen major digital assets could be approved by October [5].

CoinShares’ efforts reflect a broader global strategy, including its recent launch of a zero-fee ETP for the SEI token in Switzerland. These moves demonstrate the firm’s commitment to offering diversified blockchain exposure across different markets and investor segments [6].

With the U.S. still waiting for its first spot crypto ETF approval, the industry is showing increased activity and optimism. A successful launch of a Solana staking ETF could mark a regulatory breakthrough and significantly expand institutional access to digital assets.

Source:

[1] CoinShares Registers Delaware Entity for a Solana Staking ETF

https://coinedition.com/coinshares-solana-staking-etf-delaware/

[2] Solana ETFs coming soon? Seven asset managers file amended S-1s with the SEC

https://www.mexc.com/news/solana-etfs-coming-soon-seven-asset-managers-file-amended-s-1s-with-the-sec/63295

[3] coinshares solana staking etf

https://www.sec.gov/Archives/edgar/data/2073298/000199937125010393/solana-s1a_073125.htm

[4] Crypto Short News – Latest Real-Time Updates

https://coinpedia.org/crypto-live-news/

[5] SEC Sets New Crypto ETF Standards, Dozen Major Tokens Could Qualify by October

https://cryptonews.com/news/sec-sets-new-crypto-etf-standards-dozen-major-tokens-could-qualify-by-october/

[6] Coinshares Launches SEI ETP With Zero Management Fees and 2% Staking Yield

https://cryptoadventure.com/coinshares-launches-sei-etp-with-zero-management-fees-and-2-staking-yield-on-six-exchange-in-switzerland/