Solana ETF Approval Near, Positive Impact Expected on Ethereum

In the crypto market, attention has recently focused on **Solana** (SOL). Updates made by major funds like **Fidelity** and **VanEck** to their **Solana ETF** applications indicate that this approval could come in the coming weeks. On Friday, **Fidelity**, **Franklin Templeton**, **CoinShares**, **Bitwise**, **Grayscale**, **Canary Capital**, and **VanEck** updated their applications to the **U.S. Securities and Exchange Commission** (SEC), specifically including **staking** details.

Fidelity announced in its filing that it plans to generate income by utilizing all or part of its **Solana** assets through **staking**. This situation reveals that major funds might not limit their **Solana ETFs** to just price tracking, but could also offer **staking** yields to investors. **Bloomberg** ETF analyst **James Seyffart** stated that the updates represent 'positive dialogue' between the SEC and issuers, evaluating that 'Solana ETFs could be approved in a few weeks'.

These developments are also seen as a positive sign for **Ethereum ETFs**. **Nate Geraci**, President of **NovaDius Wealth**, stated that the approval of **Solana ETF** applications could open the door for **staking** features in **Ethereum** ETFs as well. Geraci anticipates that **Solana** ETF applications could be approved within the next two weeks.

Currently, there are also funds in the market that offer indirect investment opportunities in **Solana**. **Hashdex** has included **Stellar**, **XRP**, and **Solana** in its **Nasdaq Crypto Index US ETF**. Furthermore, **REX-Osprey** manages over $300 million in assets in its **staking Solana** fund, launched in July. The SEC recently approved new listing standards for crypto-based ETFs under an expedited procedure, indicating that the approval process for **Solana ETFs** will proceed more quickly.

All these developments suggest that, with major funds' applications including **staking** details, **Solana ETF** approval is now a matter of time. It is important for investors to carefully follow this process and be prepared for potential developments.