Solana News Today: Fonte ETF Pioneers Staking-Enabled Solana Investment Model

Fonte Capital has launched the world’s first spot Exchange Traded Fund (ETF) focused exclusively on Solana (SOL) with a staking function, marking a significant milestone in the digital asset investment landscape. The fund, titled Fonte Solana Exchange Traded Fund OEIC Plc, is listed on the Astana International Exchange (AIX) under the ticker symbol SETF. The product is registered under the Astana International Financial Centre (AIFC) and is available to both retail and institutional investors, offering a regulated and secure investment vehicle for exposure to Solana while generating additional yield through staking [1].

The fund’s primary objective is to track the price performance of Solana before fees and expenses are deducted. It allows investors to gain exposure to the digital asset without the need to directly acquire, store, or manage SOL. The staking mechanism locks tokens into the network to support transaction processing and network security, generating passive income for the fund in the form of additional Solana tokens [1]. Yerzhan Mussin, CEO of Fonte Capital, highlighted that the launch represents a pivotal moment for the digital asset industry, combining the growth potential of Solana with the stability and yield generation offered by staking [2].

The Solana ETF is supported by BitGo Trust Company, a U.S.-regulated custodian with over a decade of experience in securing digital assets. BitGo also provides $250 million in insurance coverage, adding a layer of security for fund assets [2]. Trading of the ETF is conducted on licensed exchanges within the AIFC jurisdiction, including Bybit Kazakhstan, Binance Kazakhstan, and ATAIX Eurasia, with Freedom Broker serving as the official market maker. The fund’s launch underscores the growing maturity of the Solana ecosystem as a high-performance platform for decentralized finance (DeFi) and Web3 applications [2].

While similar Solana-based investment products exist in other jurisdictions, none offer the same regulatory ETF structure as the Fonte Solana ETF. For example, Hashdex launched a Solana ETF in Brazil earlier in 2024, but it was limited to accredited investors. In the United States, a staking fund was introduced in July 2025 by REX-Osprey but was not structured as a spot ETF. European markets also offer Solana ETPs, such as 21Shares ASOL and Bitwise BSOL, but they differ in regulatory status from the newly launched product on AIX [2].

The launch of the Fonte Solana ETF coincides with rising optimism about the potential approval of a spot Solana ETF in the United States. Analysts project a high probability of approval by the U.S. Securities and Exchange Commission (SEC), with updated S-1 filings currently under review. A successful approval is expected to drive institutional demand for Solana and potentially increase the asset’s price. In parallel, the Solana network is preparing for a major upgrade called Alpenglow, which is anticipated to improve finality times and scalability, further supporting broader adoption of the platform [3].

Source:

[1] Fonte Solana ETF Registered on AIX (https://aix.kz/fonte-solana-etf-registered-on-aix/)

[2] Fonte Capital Launches First Solana ETF with Staking on AIX (https://www.cryptotimes.io/2025/09/06/fonte-capital-launches-first-solana-etf-with-staking-on-aix/)

[3] Solana Price Stuck Below $210, Breakout Ahead as ETF Approval Odds Hit 99% (https://finance.yahoo.com/news/solana-price-stuck-below-210-144832098.html)