Seven issuers have filed amended S-1 forms for Solana exchange-traded funds (ETFs) with the U.S. Securities and Exchange Commission (SEC), adjusting their filings to include staking capabilities. These ETFs, proposed by firms including 21Shares, Bitwise, Fidelity, Grayscale, and VanEck, aim to provide investors with direct exposure to Solana (SOL) while generating yield through staking. This updated filing follows an SEC request for amendments. Staking allows tokens to be pledged in a decentralized network for rewards, but it has raised regulatory concerns regarding financial risks. Despite previous delays in approving staking within Ethereum ETFs, the recent move signifies a potential shift in the SEC's stance towards Solana ETFs amid a broader loosening of restrictions on crypto assets. Experts anticipate that approval for Solana ETFs could arrive within weeks, as the regulatory environment becomes more favorable for crypto innovations. As of the article's writing, Solana is trading at approximately $147, reflecting a 3.5% decline in the past day.

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