The two-week approval forecast follows analyst predictions that additional crypto ETF approvals could be a key catalyst for a broader altcoin season.
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Several applications for Solana exchange-traded funds (ETFs) with staking could receive US approval by mid-October, ETF analyst Nate Geraci said, following fresh regulatory filings.
“Guessing these are approved [within the] next two weeks,” Geraci, the president of NovaDius Wealth Management, in an X post on Friday.
Geraci noted that asset managers Franklin Templeton, Fidelity Investments, CoinShares, Bitwise Asset Management, Grayscale Investments, VanEck, and Canary Capital all filed amended S-1 documents for spot Solana () ETFs to the US Securities and Exchange Commission (SEC) on Friday. The S-1 document is a comprehensive disclosure outlining the company’s financials, risk profile, and the securities they intend to offer.
First Solana staking ETF recently launched in US
It comes just over two months after Staking ETF debuted on the Cboe BZX Exchange, recording $33 million in trading volume and $12 million in inflows on launch day.
Asset managers at recently called SOL “next in line for its institutional moment,” to Bitcoin () and Ether ().
Geraci suggested the next month could be significant for the crypto market, pointing to recent events like the first Hyperliquid (HYPE) ETF filing, and the SEC’s approval of generic .
“Get ready for October,” Geraci .
Meanwhile, Bitwise Invest chief investment officer Hunter Horsley out in an X post on Friday that Europe’s Bitwise Solana staking ETP saw $60 million in inflows over the past five trading days. “Solana on people’s minds,” Horsley said.
Analysts from Bitfinex recently said that , outsized rally until the approval of more crypto ETFs that give investors exposure further down the risk curve.
Staking in filings is a good sign for spot Ether ETFs
The inclusion of staking into the recent US ETF filings “bodes well for spot ETH ETF staking,” Geraci also pointed out.
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Several industry participants have recently echoed a similar sentiment. 10x Research’s , recently told Cointelegraph that staking for would increase the yield and could “dramatically reshape the market.”
US SEC to allow Ether ETFs to offer staking after earlier this year.
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