Nate Geraci, an expert in stock quoted funds (ETF), said that several of those financial instruments linked to the native solana cryptocurrency could be approved “within the next two weeks.”
According to Geraci, “Franklin, Fidelity, Coinshares, Bitwise, Grayscale, Vaneck and Canary” are the companies that presented new S-1 amendments to the United States Stock Exchange and Securities Commission (SEC).
In addition, the specialist clarified that “include staking.” James Seyffart, Bloomberg analyst, contributed The same information.
S-1 documents are mandatory records before the SEC which contain the financial and operational information of a fund issued by a company before launch.
The Commission reviews and responds to these requests, being able to approve, reject them or require modifications. In this framework, the organism It has a deadline until October 10although you can make a decision before that date.
That these ETF include staking means that, in addition to replicating the price of the underlying asset (in this case Sol), they would allow administrators to participate in the validation mechanism of the Solana Red Obtain additional rewards.
However, Solana already has a similar instrument by quoting in the US. As Cryptonoticias reported, on July 2, an ETF of futures debuted based on this asset, managed by Rex Shares and Osprey Funds.
The background, called Rex Osprey Sol Staking (SSK symbol), started operations in the Chicago options (CBOE) and offers investors direct exposure to the Sun price while generating additional income by staking the cryptocurrency.
On the other hand, on September 26 the CEO of Bitwise, Hunter Horsley, revealed that the company presented its form 8-A before the SEC.
That form serves to Officially register the values of a company That they have already been approved in an S-1 statement, a necessary step for ETFs to begin to quote on the stock market.
In parallel, from SolanaFloor, a portal specialized in the solana ecosystem, They indicated On September 26 that “Bitwise revealed 60 million dollars of income this week in its European Staking ETP of Solana, reflecting the growing institutional demand for exposure to Solana.”
This capital flow suggests that large investors are already interested in sun -related instruments and their staking mechanism.