Fidelity Investments has submitted an initial S-1 registration statement to launch a spot Solana exchange-traded fund (ETF), with the filing prominently featuring staking capabilities. This move positions Fidelity among the first major institutions seeking regulatory approval for a Solana-based ETF product.
Several other asset managers including VanEck, 21Shares, Franklin Templeton, Grayscale, Bitwise, and Canary Capital have concurrently filed amendments to their existing S-1 registration statements. All filings uniformly emphasize the incorporation of staking mechanisms within their proposed spot Solana ETF structures.
This coordinated industry action signals accelerating institutional demand for regulated investment vehicles tied to Solana’s blockchain ecosystem. Market analysts suggest these developments could substantially enhance liquidity and broaden market participation in Solana-related financial products if approved by regulators.