Stock Citation Funds (ETF) expert Nate Jelach said some of these financial products related to cryptocurrency from Solana could be approved “in the next two weeks.”
According to Geraci, “Franklin, Fidelity, Coinshares, Bitwise, Grayscale, Vaneck and Canary” are companies that have presented new S-1 amendments to the U.S. Stock Exchange and the Securities Commission (SEC).
Additionally, experts revealed that “staking is included.” Bloomberg analyst James Seyfert provided the same information.
The S-1 document is Required records before SEC Contains financial and operational information for funds issued by the company prior to their release.
The Committee may acknowledge and respond to these requests and request approval, rejection or modification. In this framework, There is a deadline until October 10thalthough we can make a decision by that day.
The inclusion of staking means that in addition to replicating the price of the underlying asset (in this case SOL), it also allows managers to participate in the Solana Red verification mechanism. Get additional rewards.
However, Solana already has the same measures by quoting in the US. As reported by Cryptonoticias, on July 2nd, a futures ETF debuted on the asset managed by Rex Shares and Osprey Funds.
The background known as Rex Osprey Sol Staking (SSK Symbol) begins operations with Chicago Options (CBOE) to provide investors with direct exposure to solar prices while generating additional revenue by staking cryptocurrency.
Meanwhile, on September 26th, Bitwise CEO Hunter Horsley revealed that the company had presented Form 8-A before the SEC.
That form is useful Officially register the company’s value They are already approved on the S-1 statement, a step necessary for ETFs to start quoting in the stock market.
In parallel, from Solana Floor, a portal dedicated to Solana’s ecosystems, on September 26, “Bitwise revealed $60 million in revenue in Solana’s European ETP, reflecting the growing institutional demand for exposure to Solana.”
This capital flow suggests that large investors are already interested in solar-related instruments and their staking mechanisms.