The latest actions of several leading asset management giants have sparked strong market attention. Fidelity, Franklin Templeton, and VanEck have all coincidentally updated their Solana ETF application materials, with the most critical change being the addition of staking provisions. This detail may seem ordinary, but it is actually of great significance.
Insiders understand that when multiple institutions simultaneously modify application documents, it is often guided by regulatory agencies. Bloomberg analyst James Seyffart candidly stated that these synchronized updates are clearly the result of active communication between the SEC and issuers. What is even more exciting is that Fidelity explicitly mentioned it would stake part or all of the SOL to earn additional returns. This dual return model is simply a natural attraction for institutional investors.
The timing is also quite delicate. The application deadline for Grayscale is October 10, while Bitwise and 21Shares have a deadline of the 16th. Calculating it, it's just about two weeks away. The market already has REX-Osprey's staking fund in operation, managing assets exceeding 300 million USD, which proves that demand indeed exists.
Once the floodgates open, the influx of billions of dollars in institutional funds is almost a certainty. This will not only drive up the price of SOL but more importantly, it sets a precedent for the entire PoS public chain ETF. Projects like Cardano are definitely keeping a close eye on all these developments. In the long run, this marks a new phase for crypto assets to officially enter mainstream investment portfolios. $SOL
