Solana ETF includes staking, approval rating soars to 91%

• Solana ETF now supports staking to comply with SEC
• Solana ETF approval probability hits 91%
• ETF staking could change the crypto asset landscape

Solana’s updated exchange-traded fund (ETF) filings have now included staking functionality, a direct attempt by proponents to meet regulatory requirements from the U.S. Securities and Exchange Commission (SEC). The strategy has been adopted by asset managers such as Bitwise, Canary and Grayscale, aiming to demonstrate alignment with the transparency and security requirements expected of new crypto products in the traditional market.

The proposal to allow ETFs to receive rewards by staking SOL tokens in custody comes in response to the SEC’s constant delays in reviewing similar products. Despite the apparent slowness of the regulatory body, Polymarket data indicate widespread optimism, with a 91% probability attributed to the approval of a Solana ETF in 2025.

Bloomberg analyst James Seyffart noted that the SEC’s slow pace follows a similar pattern seen in the approval of spot Bitcoin ETFs. “I think there needs to be a discussion with the SEC and the issuers to work out the details, so I doubt it. If anyone remembers the Bitcoin ETF launch, there was a LOT of filings in the months leading up to the launch,” he said.

I think there needs to be a back and forth with SEC and issuers to iron out details so I doubt it. If anyone remembers the Bitcoin ETF launch there were *A LOT* of filings over the preceding couple months before launch.

—James Seyffart (@JSeyff) June 13, 2025

It is worth remembering that the first Bitcoin ETF was only approved in January 2024, more than a decade after the first official application. Now, with Solana in the spotlight, companies like VanEck and Grayscale have accelerated updates to their S-1 forms, although giant BlackRock is still absent from the movements around altcoin ETFs.

BlackRock’s absence, according to Seyffart, could be temporary. “Not yet. But I wouldn’t be surprised if they do eventually. But right now, it doesn’t look like they’ll be in the first wave,” the analyst said.

Meanwhile, the SOL token is holding a modest valuation, trading at $146,40, according to market data. Expectations for regulatory advances remain high, with more realistic forecasts pointing to early QXNUMX as a possible approval window for upcoming crypto ETFs.