The crypto world is buzzing as Cboe files for the first-ever staked crypto ETF and Solana ETF, following the SEC’s groundbreaking clearance of staking activities. This pivotal development could reshape institutional crypto investments.
What Makes the Solana ETF and Staked Crypto ETF Unique?
Cboe’s filings include two innovative products:
- Invesco Galaxy Solana ETF: Tracks SOL’s performance through spot-based structure with cold storage security
- Canary Staked INJ ETF: First U.S. application for an ETF tied to staked crypto assets from Injective Protocol
SEC’s Staking Ruling: A Game Changer for Crypto ETFs
The May 2025 SEC decision clarified that certain staking activities don’t constitute securities offerings. This removes major regulatory hurdles and enables:
| Opportunity | Impact |
|---|---|
| Staking rewards | Passive income for ETF shareholders |
| Institutional participation | Greater liquidity in proof-of-stake ecosystems |
| Product innovation | More crypto investment vehicles expected |
What’s Next for the Solana ETF and Staked Crypto ETF?
The SEC’s review process will take up to 240 days, with key milestones:
- Initial feedback expected by September 2025
- Potential approval could position the INJ ETF as the third staking-enabled product
- Market watching INJ’s price recovery from its 71% decline
Why This Matters for Crypto Investors
These developments signal growing institutional acceptance of crypto, particularly for:
- Investors seeking yield-generating products
- Traditional finance bridging with blockchain
- Proof-of-stake networks gaining mainstream traction
Frequently Asked Questions
What is a staked crypto ETF?
A staked crypto ETF combines price tracking with staking rewards, allowing investors to earn passive income from proof-of-stake blockchains.
When will the Solana ETF be available?
The SEC review process could take up to 240 days, with potential approval in early 2026.
How does the SEC’s staking ruling affect crypto?
The clarification removes regulatory uncertainty, enabling more staking-based investment products to enter the market.
What are the risks of staked crypto ETFs?
Potential risks include regulatory changes, staking penalties, and the volatility of underlying assets like SOL and INJ.
