Fidelity Investments has submitted an S-1 registration to U.S. regulators for a spot Solana ETF featuring an integrated staking mechanism. This marks the first U.S.-based crypto ETF proposal to include on-chain staking rewards for investors, positioning Solana as a competitive Layer 1 blockchain beyond Ethereum.
The embedded staking component allows ETF holders to earn yield through Solana’s proof-of-stake consensus, simultaneously streamlining institutional participation and lowering entry barriers for traditional investors. Fidelity anticipates this structure will accelerate mainstream adoption through simplified exposure to SOL’s value and ecosystem growth.
This filing signals intensified institutional interest in alternative Layer 1 networks and may trigger competitive pressure among ETF providers. Market participants will closely monitor the SEC’s response, as approval could establish a regulatory blueprint for future staking-enabled crypto ETFs.
The initiative reflects growing demand for diversified cryptocurrency investment vehicles and highlights Solana’s expanding institutional recognition. If approved, this ETF structure could reshape how traditional finance accesses blockchain-native yield mechanisms.