European digital asset manager CoinShares has registered an entity in Delaware to pursue a regulated Solana staking exchange-traded fund (ETF), positioning itself to offer investors exposure to SOL token price movements and staking rewards without requiring direct cryptocurrency management.
The proposed ETF would hold and stake SOL tokens on behalf of investors, bypassing the technical barriers of wallet setup and node operation while adhering to compliance frameworks. This development signals heightened institutional interest in Solana following earlier regulatory approvals for Bitcoin and Ethereum ETFs.
Key advantages include simplified yield generation through professionally managed staking operations and enhanced liquidity via traditional stock exchange trading channels. CoinShares’s structure would automatically distribute staking rewards to shareholders as yield.
However, potential hurdles involve ongoing SEC regulatory scrutiny over crypto-based financial products, secure custody requirements for SOL tokens, slashing risks inherent to Proof-of-Stake networks, and market volatility exposure. The filing occurs despite approximately 69% of Solana’s circulating supply already being actively staked, leveraging the network’s high-throughput architecture and efficient consensus mechanism for staking rewards.
The initiative underscores the maturation of cryptocurrency investment vehicles targeting institutional adoption.