**Fidelity Accelerates Solana ETF Launch with Innovative Staking Strategy**
Fidelity has taken significant steps to hasten the launch of its Solana ETF by submitting an updated registration filing that eliminates procedural delays and incorporates a staking-driven design. This move signals the firm’s urgency to bring the product to market and boosts the prospects of SEC approval.
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### Filing Update Removes Delays, Paves Way for Faster Approval
Fidelity filed its fourth amendment to the Solana ETF S-1 registration with the U.S. Securities and Exchange Commission (SEC), notably removing a delaying clause that usually hinders automatic effectiveness and slows regulatory timelines. By doing so, Fidelity has positioned its Solana ETF for a faster review process and potential SEC clearance.
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### Staking Rewards Embedded in ETF Design
A key feature introduced in the filing is Fidelity’s plan to stake nearly all Solana (SOL) holdings through a network of validators, earning staking rewards. Only a small portion of SOL will remain liquid to manage daily fund operations. Additionally, Fidelity introduced a proprietary pricing index maintained by Fidelity Product Services — a strategy that enhances transparency and fund management.
This staking integration not only offers yield benefits but also actively supports Solana’s proof-of-stake network, distinguishing Fidelity’s ETF from other passive crypto holdings. Incorporating staking directly into the ETF framework strengthens Fidelity’s case for approval amid growing interest in staking-enabled crypto funds.
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### Growing Traction for Solana ETFs in U.S. Markets
The uptake of Solana ETF products is gaining momentum in the U.S., driven by increasing institutional demand for diversified digital asset exposure beyond Bitcoin and Ethereum.
Bitwise recently launched its Solana Staking ETF (BSOL) on the New York Stock Exchange, attracting robust investor interest with over $69 million in inflows and more than $56 million in trading volume within hours of debut. BSOL marked the top-performing ETF launch of 2025.
Meanwhile, Grayscale converted its Solana Trust into a Solana ETF, listing its GSOL product under SEC-approved staking rules. The fund holds over 525,000 SOL, with more than 74% of assets committed to staking returns. This move highlights intensifying competition among issuers aiming to secure leadership in the growing altcoin ETF market.
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### Regulatory Support Boosts Staking-Based Crypto ETFs
The SEC’s August ruling clarified that protocol staking does not trigger securities classification, easing regulatory hurdles for crypto funds engaging in staking activities. This regulatory development has spurred a wave of new product launches and increased confidence in staking-enabled ETF structures.
In response, asset managers are expanding their altcoin ETF offerings to meet rising demand from institutional investors seeking structured exposure to digital assets beyond traditional cryptocurrencies.
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### Speculation Builds Around XRP ETF Approval
Beyond Solana, market participants are closely watching developments around potential XRP ETFs. Bitwise has expressed optimism about the approval of a spot XRP ETF, citing the token’s large global user base and strong investor engagement. The company forecasts that such a product could reach $1 billion in assets shortly after launch.
The increasing discourse around altcoin ETFs reflects a broader institutional shift toward diversified crypto allocations. While the SEC has yet to issue specific guidance on XRP ETFs, ongoing legal rulings and recent approvals of staking-based ETFs have fostered a more positive regulatory outlook.
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### Looking Ahead: Broad Expansion of Altcoin ETFs Expected by 2026
With the combination of regulatory clarity, strong market demand, and innovative product designs like Fidelity’s staking-integrated Solana ETF, experts anticipate a wider array of compliant altcoin ETFs entering the market by 2026. This trend signals an evolving landscape where institutional investors gain expanded access to the growing digital asset ecosystem.
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**In Summary:** Fidelity’s expedited Solana ETF filing — featuring a pioneering staking approach and custom index — positions the firm at the forefront of altcoin ETF innovation. Alongside Bitwise and Grayscale, Fidelity is driving momentum in a rapidly developing market supported by favorable SEC rulings. As the crypto ETF space broadens to include various altcoins, investors can expect enhanced opportunities for diversified digital asset exposure in the near future.
https://coincentral.com/fidelity-advances-solana-etf-as-institutional-demand-for-altcoins-grows/
