The Securities and Exchange Commission (SEC) is sparking renewed optimism about the potential approval of Solana ETFs, with companies like Grayscale, Bitwise, and VanEck submitting applications in recent months. The SEC has requested amended S-1 application forms from these applicants in a week’s time, focusing on how they plan to approach SOL staking. This could lead to the inclusion of staking in the ETF structure, potentially enabling investors, especially institutions, to earn passive income through staking. 4-5 weeks after the SEC’s request for amendments, approvals are anticipated in July or early August. The potential approval of Solana ETFs is driving market activity, evidenced by a surge in open interest for derivatives and options, alongside increased positive funding rates, indicating heightened bullish sentiment.