Wall Street Firm Seeks Approval for Solana ETF with Built-In Staking Rewards

A Wall Street asset manager has filed with the SEC to launch an ETF that tracks Solana (SOL) and includes staking rewards, potentially making it easier for institutional investors to access crypto yield products.

The proposed ETF would be unique in that it would pass through staking returns, allowing investors to earn yields without having to manage their own wallets or validators. This is a significant difference from traditional spot ETFs, which simply track the price of an asset.

Solana's network offers annualized staking rewards around 6-7%, and the ETF could attract more institutional investors by combining price exposure with protocol-level yield. The SEC's approval decision will be key in determining the success of this new product.