Overview

• Seven managers — Franklin Templeton, Fidelity, CoinShares, Bitwise, Grayscale, VanEck and Canary — filed amended S-1s for spot Solana ETFs that include staking language.
• The updated prospectuses outline how funds would stake SOL and treat validator rewards as fund income, with payouts potentially in cash or SOL.
• Bitwise advanced its effort with a Form 8-A registration, a procedural step that positions the firm to list shares once approvals are granted.
• ETF analysts Nate Geraci and James Seyffart said the synchronized filings signal active issuer–SEC engagement, with Geraci projecting possible approvals within about two weeks.
• Investor interest remains strong, with the REX‑Osprey Solana Staking ETF surpassing $250 million in assets and Bitwise’s European Solana staking ETP drawing roughly $60 million in five days.