Seven issuers submitted amended S-1 forms for Solana exchange-traded funds (ETFs) to the U.S. Securities and Exchange Commission, indicating a potential approval for ETFs that include staking capabilities. Notable applicants include 21Shares, Bitwise, Fidelity, Franklin Templeton, Grayscale, VanEck, and Canary Capital. The staking component allows issuers to earn yield on the SOL tokens held in their funds, aiming to enhance returns for investors. This follows a request from the SEC for updates to the filings, amidst a general shift in regulatory attitudes towards digital assets and the anticipation of Solana ETFs being approved soon. Previously, the SEC delayed decisions on staking in Ethereum ETFs due to associated risks and has yet to approve spot ETFs for cryptocurrencies beyond Bitcoin and Ethereum. Solana is currently trading at approximately $147, having seen a decrease of 3.5% within the last day.

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