According to the source, CoinShares now files for a Solana exchange-traded fund, positioning itself among companies seeking to widen investor access to Solana through regulated financial products.
This development reflects a growing institutional appetite for altcoin exposure and possibly transformational shifts in traditional markets’ interactions with decentralized assets.
CoinShares Files Spot Solana ETF: A Big Step for SOL Investors
The interest in Solana ETF is heating up. CoinShares registered its spot Solana ETF on June 13, 2025, tracking the CME CF Solana-Dollar rate, with the U.S. SEC in an S-1 registration. The asset manager thus becomes the eighth player in this race next to Fidelity, Grayscale, VanEck, Bitwise, 21Shares, Canary, and Franklin Templeton.
This SOL-focused ETF would list on Nasdaq, with Coinbase Custody Trust and BitGo as custodians. Most SOL holdings go to cold storage. The twist? Some might be staked for rewards, making it more profitable for investors.
Why the Solana ETF Matters
The proposed ETF would give investors regulated access to Solana without dealing with wallets, keys, or other on-chain complexities. CoinShares is one of only eight applicants in the U.S. seeking a license, reflecting the increasing institutional interest in SOL.
According to Eric Balchunas at Bloomberg, the SEC is now 90% there to approve the ETF as early as 3-5 weeks. He mentions that staking and redemption mechanics are top-level concerns, but the SEC seems more open to altcoin-based ETFs.
According to CoinRepublic analysts, it can shoot SOL to $300 if approved. Some have projected that the bulls and bears would fight it out at around $160 and $218, respectively, as evidence of increasing investor confidence.
Overall, this prediction supports SOL’s attitude in recent days when volatility was hit. Even while Bitcoin has soared over $106,000 and Ethereum remains strong, hype moves are directed toward new performers in ETFs, such as Solana.
SOL Price Snapshot: ETF Buzz Keeps Solana in Focus
The very recent file of the Solana ETF has shot higher trading volumes and stirred price action in a positive direction. Solana is sustaining itself despite larger market fluctuations.
| Date | Price (USD) | High | Low | Notes |
|---|---|---|---|---|
| June 17, 2025 | $153.68 | $158.79 | $148.80 | Current trading day (CoinGecko) |
| June 16, 2025 | $155.12 | $158.60 | $149.10 | Price lifted on ETF filing momentum |
| June 13, 2025 | ~$157.00 | – | – | SOL jumped on ETF-related announcements |
Binance-Peg SOL is trading at 153.68 with 2.39% down over the day, with a high reaching 158.79 and a low at 148.80, speculation of ETF keeping optimism during cautious times.
Analysts also believe that while many argue about ETF narratives creating tighter constraints on the volatility, Eric Balchunas of Bloomberg estimates the chances of approval at an impressive 90%. This could inject further liquidity and catapult SOL to the price range of \$160-\$218 in the short term.
Source: CoinGecko – Binance-Peg SOL
Inside the Solana ETF Filing
The S-1 states that Coinshares proposes to track SOL prices using the CME CF Solana-Dollar Rate. The custodians, Coinbase and BitGo, will hold assets in cold storage to lower the risk of hacks.
This Solana ETF filing introduces staking as a feature. While it would increase fund returns, it would also invite regulatory scrutiny. The SEC wants every issuer to make their staking and redemption plans public.
An affirmative decision on approval for the SOL-focused ETF could facilitate its inclusion in retirement portfolios, brokerage platforms, and institutional accounts.
Experts Weigh In
Bloomberg’s Eric Balchunas Tweeted about Coinshares competing for the Solana ETF, calling it the 8th firm. Analyst James Seyffart adds.
“Staking might make this ETF launch stronger than the ETH ones.”
A report cites issuers Bitwise, 21Shares, and Canary that updated their filings in response to SEC inquiries. Regulators are in no rush to expedite approvals.
So, according to industry analysts, the chances of eventual approval stand anywhere between 70%-90%.
What This Means for Crypto Watchers
- Greater access: It makes it easier to invest in SOL by buying through the broker without needing a wallet.
- Higher liquidity: As ETF proliferates, the asset SOL is expected to accommodate larger trades with less effect on the overall price.
- Potential income: If staking is involved, the fund may pay rewards.
- Next major altcoin: SOL is the next big altcoin after BTC and ETH on U.S. ETFs.
Conclusion
The application for the spot Solana ETF is a milestone for SOL in joining Bitcoin and Ethereum as popular ETFs. The potential inclusion of staking will further increase this fund’s attractiveness.
As the SEC approval would stamp the green light, again, SOL prices might shoot higher from a replication of new investors, which would include new liquidity into the market. A decision on this filing is expected in late 2025, giving SOL holders and crypto enthusiasts, in general, an additional opportunity.
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Frequently Asked Questions.
1. What is a Solana ETF?
It is a fund that tracks the SOL price and trades on the Nasdaq, so it does not require one to own SOL directly.
2. Why would the CoinShares Solana ETF filing be significant?
This is the eighth application, and, together with staking, it is a first for SOL ETFs, making it a contender.
3. When will the Solana ETF be approved?
Experts say there is a 70% chance. Approval could be expected between late Q2 and Q4 2025.
4. Would staking in the Solana ETF increase returns?
Yes. Staking might yield some added, but final rules will be associated with SEC approval.
Glossary
ETF: A fund traded on stock markets that tracks the price of an asset.
Spot ETF: Holds the actual asset rather than futures.
Staking: Locking SOL to support the network and earn new tokens.
Cold storage: Off-line vaults used to secure crypto.
S-1: Required SEC form to propose a new ETF.
