The crypto-focused exchange-traded fund (ETF) agenda in the United States is once again gaining momentum. Nate Geraci, President of NovaDius Wealth Management and an ETF analyst, stated that Solana 
$86 (SOL) staking-featured ETF applications might receive approval by mid-October. Geraci expressed on social media platform X his prediction for approvals to occur within the next two weeks. Recent applications submitted to the U.S. Securities and Exchange Commission (SEC) spotlight prominent investment firms like Franklin Templeton, Fidelity Investments, CoinShares, Bitwise, Grayscale, VanEck, and Canary Capital.
Rising Interest in Staking ETFs in the US
These new applications for Solana come on the heels of the launch of the first staking-focused Solana ETF in the U.S. by REX-Osprey. This ETF achieved a trading volume of $33 million and an inflow of $12 million on its launch day. This development showcases the growing interest of institutional investors in Solana. Representatives from Pantera Capital also highlighted Solana as the “next big opportunity for institutional investors,” noting its smaller share compared to Bitcoin 
$77,560 and Ethereum 
$2,318.
Strong Demand in Europe and Ethereum Staking Emphasis
In Europe, Bitwise’s Solana staking product saw $60 million in inflows over the last five trading days, reflecting global interest in SOL. Bitwise CIO Hunter Horsley remarked, “Solana is on investors’ minds.” Experts also pointed out that staking-featured ETF applications are a positive signal for Ethereum. Geraci suggested that the approval of staking in spot ETH ETFs could “dramatically reshape the market.” Markus Thielen, research head at 10x Research, stated that staking in Ethereum ETFs would increase yields and boost investor interest.
Recently, the SEC’s approval of the Hyperliquid (HYPE) ETF application and general listing standards for crypto ETFs indicate a crucial milestone for the market in October. Analysts emphasize that these approvals are vital for significant altcoin rallies.
The potential approval of Solana ETF applications in October has heightened expectations within the crypto market. The growing demand in Europe and the U.S. signifies Solana’s emergence as a strong institutional asset. Approval of staking-featured ETFs for Ethereum could permanently alter the market’s trajectory. It’s crucial for investors to closely monitor upcoming decisions in the following weeks.
