CoinShares has officially entered the Solana ETF race. The firm filed an S-1 with the U.S. Securities and Exchange Commission to list a spot Solana ETF, joining a growing list of major asset managers eyeing the space.
Bloomberg ETF analyst Eric Balchunas shared the update on X, writing, “Coinshares jumping into the Solana spot ETF race w new filing this morning. I think we are up to 8 now. Everyone asking Wen Larry? I don’t know, no intel. My Spidey sense not helpful either as I could see them filing but I could also see them not filing.”
CoinShares is the eighth name to show interest. Just a day earlier, Fidelity, Grayscale, VanEck, Franklin Templeton, and others had either submitted new filings or updated their existing ones. Every one of them mentioned staking in their documents, a clear sign that staking is becoming a standard feature for these proposed funds.
Unlike the recently approved Ethereum ETFs, which dropped staking to get through the SEC, these Solana ETF filings are going all in. If approved, the funds could earn staking rewards on top of SOL price exposure, something retail and institutional investors will likely welcome.
Solana’s fast-growing ecosystem, cheap fees, and speed make it a strong contender as the next big crypto ETF. But with staking still a regulatory grey area, it remains to be seen how the SEC will respond to this unified push.
For now, the filings keep coming, and CoinShares is the latest to place its bet.
Also Read: CoinShares Registers Solana ETF Amid 90% Odds of Approval by US SEC
