Canary Capital Files for Spot Solana ETF With Built-In Staking Feature

In an effort to provide investors with simpler access to the rapidly expanding blockchain, Canary Capital has formally submitted an application for a Solana ($SOL) ETF to the U.S. SEC. In contrast to conventional ETFs, this one would stake Solana in addition to holding it directly, allowing investors to profit from staking without having to deal with the technical difficulties. It would be a significant step for Solana if it were accepted, indicating that American markets are becoming more receptive to cryptocurrency assets other than Bitcoin and Ethereum. The action establishes Solana as a major player in the upcoming generation of regulated cryptocurrency investment products and underscores the growing institutional demand for the company’s ecosystem.