The proposed CoinShares Solana ETF is designed to provide investors with regulated access to SOL, while also offering potential income from staking. According to the filing, the fund will be listed on Nasdaq if approved, with Coinbase Custody and BitGo Trust appointed as custodians. Notably, the ETF structure allows for staking of the trust’s assets through vetted intermediaries, though the exact allocation of staked tokens will be finalized shortly before launch—reflecting the dynamic nature of Solana’s staking market.
Spot Solana ETF with staking feature. Source TradingViewCoinShares’ application follows a flurry of activity in the U.S. spot crypto ETF landscape. Several ETF issuers have recently filed amended S-1 forms at the SEC’s request, a sign that the regulatory review process is advancing. The inclusion of staking in CoinShares’ proposal is seen as a competitive differentiator, potentially enabling the fund to generate yield from locked SOL tokens—a model that may attract both retail and institutional capital seeking passive income within a regulated structure.
At the time of writing, Solana (SOL) is trading up more than 2.2% on the daily chart, reflecting renewed optimism around altcoin ETFs and their market impact.
According to Eric Balchunas, Senior ETF Analyst at Bloomberg Intelligence, the summer of 2025 is poised to become a pivotal launch window for U.S.-listed altcoin ETFs. In his latest analysis, Balchunas estimates the likelihood of a spot Solana ETF approval at 90%, citing favorable regulatory momentum and market demand. This view is echoed by several industry participants who regard Solana as a prime candidate for mainstream ETF adoption, given its robust DeFi and staking ecosystem.
Market context: Should the SEC greenlight one or more spot Solana ETFs, it would mark a watershed moment for altcoin investment products, potentially opening the door for broader acceptance of staking-enabled ETFs tracking other high-profile blockchains.