Key Highlights
- Fonte Capital launches the first spot Solana ETF with staking in Kazakhstan
- With this, Kazakhstan becomes the first country to launch a Solana ETF with staking
- Analysts now believe the chance of a U.S. Solana ETF approval is over 90%
On September 5, Fonte Capital announced the launch of Fonte Solana Exchange Traded Fund OEIC Plc, which is the world’s first exchange-traded fund (ETF) fully focused on the digital asset Solana (spot SOL) with a staking function.
With this official announcement, Kazakhstan becomes the first country to launch a Solana ETF with staking. This ETF will be custodied by BitGo Trust.
🚨BREAKING: Fonte Capital has launched the first spot Solana ETF with staking in Central Asia, now live on Kazakhstan’s Astana International Exchange under ticker $SETF.
The fund offers exposure to $SOL with an estimated 5.5–7.5% annual staking yield, custodied by @BitGo Trust. pic.twitter.com/vSUb38pvp8
— SolanaFloor (@SolanaFloor) September 5, 2025
This launch will allow everyday users to invest in the digital asset SOL without the technical hurdles of buying and storing it themselves.
An ETF, or exchange-traded fund, is a popular investment tool that tracks the price of underlying assets (in this case, it’s Solana). This new fund, called the Fonte Solana Exchange Traded Fund, will track the price of SOL. What makes it unique is its staking feature, which allows investors to earn passive income on their holdings.
It is very risky and confusing for some investors to directly invest in cryptocurrencies like Bitcoin, Ethereum, and Solana. It involves setting up digital wallets, managing private keys, and fearing the loss of funds.
This ETF removes those hurdles and challenges. Investors can simply buy shares of the fund through a traditional stock exchange, just like they would shares of a company.
“The listing of the world’s first Solana ETF with staking on the Astana International Exchange (AIX) is a historic milestone not only for Fonte Capital, but for the entire digital asset industry. We are building a bridge between traditional financial instruments and innovative blockchain technologies, offering investors a unique product that combines the growth of the underlying asset (SOL) with passive income through staking”, Yerzhan Mussin, CEO of Fonte Capital Ltd, said in the official statement.
“This is a logical response to the growing demand for regulated, secure, and yield-generating digital asset investments,” he added further.
How Does the Solana Staking Work?
Solana uses a “proof-of-staking” system to secure its network. People can “stake” their SOL tokens to help run the network and, in return, earn more SOL as a reward.
This ETF does that for its investors. The fund will stake the SOL it holds on behalf of its shareholders. The expected annual yield for 2025 is estimated between 5.5% and 7.5%, paid out in additional SOL tokens.
This yield can help cover the fund’s fees and grow an investor’s holdings without them spending more money.
Safety and Regulation
A major concern for new crypto investors is security. Fonte Capital has addressed this by partnering with BitGo Trust, a well-known and regulated custodian.
BitGo will hold the fund’s SOL assets securely. Importantly, BitGo’s custody is backed by a $250 million insurance policy against theft or loss of the digital keys.
The fund is registered with the Astana International Financial Centre (AIFC), a special economic zone in Kazakhstan with its own modern financial laws. This regulated status means the ETF is available to all investors, not just large, pre-approved “qualified” institutions.
Trading of the fund’s shares began on September 5, 2025, on the Astana International Exchange (AIX) under the ticker symbol ‘SETF’.
After Kazakhstan, there are high chances that other countries follow suit; in fact, analysts believe that the chance of a U.S. Solana ETF approval is over 90%.
While other Solana Investment products exist in Brazil and Europe, they are either restricted to wealthy investors or do not have the full legal status of a spot ETF. This makes Fronte’s product a true first.
Maksim Kovalev, Head of the Digital Assets Department at Fonte Capital Ltd, said, “Our long-term goal is to become a key provider of hybrid financial solutions, where the advantages of decentralized protocols — speed, autonomy, and openness — are combined with the reliability of traditional financial instruments. The launch of Fonte Solana ETF affirms Fonte Capital’s leadership in the institutional adoption of blockchain technologies and opens the door to large-scale implementation of DeFi 2.0.”
