The post Canary Capital Updates SEC Filing for Solana ETF To Include Staking appeared first on Coinpedia Fintech News

Canary Capital has submitted an updated S1 application with the SEC for a Solana ETF that would include both holding and staking SOL tokens. The firm had initially filed for a spot SOL ETF in October 2024. 

ETF Structure and Staking

The Canary Marinade Solana ETF is an exchange-traded product, that issues shares, which trade on the Cboe BZX Exchange. Its main goal is to track the price of SOL held by the trust, while a secondary goal is to earn additional SOL through staking in Solana’s proof-of-stake network. The ETF calculates its net asset value (NAV) using the CoinDesk Solana pricing benchmark.

Canary Capital Group sponsors the Trust, while CSC Delaware Trust Company serves as trustee, U

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Solana Leads the ETF Race

Experts see a strong finish for Solana this year as institutional interest continues to grow.

Several prominent asset managers, including Bitwise, Grayscale, VanEck, Fidelity, and Invesco/Galaxy, have filed to launch spot Solana ETPs. The SEC is expected to make a decision by October 10, 2025, which could open the door for a wave of new Solana investment products.

Notably, with 16 filings, Solana is currently leading the pack among 96 crypto ETF applications, positioning it at the forefront of the market for the final quarter of the year.

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FAQs

What is the Canary Marinade Solana ETF?

The Canary Marinade Solana ETF is a regulated investment fund that tracks Solana’s price and stakes its holdings to earn rewards, offering a simpler way to invest in SOL.

How does staking work in a Solana ETF?

The ETF stakes most of its SOL through a provider like Marinade Finance. This earns staking rewards, which are added to the fund, potentially increasing its value over time.

When will a Solana ETF be approved?

The SEC is expected to decide on several spot Solana ETF applications, including Canary Capital’s, by around October 10, 2025. Approval is not guaranteed.

What are the benefits of a spot Solana ETF?

It provides a safer, regulated way for traditional investors to gain exposure to Solana without directly holding the asset, simplifying the investment process.