Canary Capital has filed for a Solana based exchange-traded fund as firms gear up to see if they can secure U.S. regulatory approval. The fund looks to provide exposure to the price of Solana ('SOL') held by the Trust. Steven McClurg founded Canary Capital and previously founded Valkyrie Funds, which has other spot crypto ETFs. Fund manager VanEck similarly filed for a spot Solana ETF in June.

The cryptocurrency asset management company Canary Capital has submitted an application for a Solana spot ETF to the U.S. Securities and Exchange Commission (SEC). This ETF will track the price of SOL through the CF Solana Index on the Chicago Mercantile Exchange, allowing investors to access the Solana market through traditional brokerage accounts, thereby avoiding potential entry barriers or risks associated with directly holding SOL.

According to Foresight News, cryptocurrency asset management firm Canary Capital has submitted an application for a Solana spot ETF to the U.S. Securities and Exchange Commission (SEC). This ETF will track the price of SOL through the CF Solana Index on the Chicago Mercantile Exchange, a real-time pricing benchmark product, and will allow investors to access the Solana market through traditional brokerage accounts, without the potential entry barriers or risks associated with directly holding SOL.

Canary Capital submitted a Solana spot ETF application to the U.S. SEC.

According to Wu Shuo, Fox Business reporter Eleanor Terrett tweeted that the cryptocurrency investment firm Canary Capital has submitted an application for a SOL ETF to the U.S. SEC, marking the third cryptocurrency ETF application the company has filed this month. Canary has now applied for SOL ETF, LTC ETF, XRP ETF, and launched the HBAR Trust.

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Wu reported that Fox Business reporter Eleanor Terrett tweeted that cryptocurrency investment firm Canary Capital has submitted a SOL ETF application to the U.S. SEC, marking the company's third cryptocurrency ETF application this month. Canary has now applied for SOL ETF, LTC ETF, XRP ETF, and launched the HBAR Trust.

Canary Capital submits SOL ETF application to the U.S. SEC.

The cryptocurrency asset management company Canary Capital has submitted an application for a spot Solana ETF to the U.S. Securities and Exchange Commission (SEC). This ETF will track the price of SOL through the CF Solana Index on the Chicago Mercantile Exchange (CME), allowing investors to enter the Solana market through traditional brokerage accounts without the need to hold SOL directly. Canary did not disclose the custodian and listing code for the ETF.

PANews, October 31 – According to Cointelegraph, cryptocurrency asset management firm Canary Capital has followed the lead of VanEck and 21Shares by submitting an application for a spot Solana ETF to the U.S. Securities and Exchange Commission (SEC). In the S-1 registration statement submitted on October 30, Canary explained that the spot Solana ETF will track the price of SOL through the CF Solana Index of the Chicago Mercantile Exchange (CME). The proposed spot Solana ETF will enable investors to access the Solana market through traditional brokerage accounts without facing the entry barriers or risks associated with directly holding SOL. Canary did not disclose who the custodian of the spot SOL ETF would be, nor did it specify under which stock ticker the fund would be listed.

Canary Capital submits a spot ETF application for Solana to the U.S. SEC.

According to TechFlow, on October 31, Decrypt reported that the American asset management company Canary Capital has submitted a spot Solana ETF application to the U.S. Securities and Exchange Commission (SEC), becoming the third institution to apply for a SOL ETF following VanEck and 21Shares. Canary Capital, headquartered in Nashville and founded in September 2024, had previously applied to issue XRP and Litecoin ETF products. Currently, Solana's market capitalization stands at 82 billion dollars, with an increase of over 400% in the past year, and the current trading price is approximately 175 dollars. Analysts believe that after the approval of Bitcoin and Ethereum ETFs, the Solana ETF will also eventually receive approval, although the specific timing may depend on the results of next week's U.S. elections and the tenure of SEC Chairman Gary Gensler.

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According to a report from Decrypt on October 31, Deep Tide TechFlow news, American asset management firm Canary Capital has submitted an application for a spot Solana ETF to the U.S. Securities and Exchange Commission (SEC), becoming the third institution to apply for a SOL ETF after VanEck and 21Shares. Based in Nashville, Canary Capital was established in September 2024 and has previously applied to issue XRP and Litecoin ETF products.
Currently, Solana's market capitalization has reached $82 billion, with a price increase of over 400% in the past year, and the current trading price is approximately $175. Analysts believe that after the approval of Bitcoin and Ethereum ETFs, the Solana ETF will eventually also receive approval, although the specific timing may depend on the results of next week's U.S. elections and the tenure of SEC Chairman Gary Gensler.
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Canary Capital submits a spot Solana ETF application to the U.S. SEC.

BlockBeats news, on October 31, Fox Business reporter Eleanor Terrett posted on social media that the cryptocurrency investment firm Canary Capital has submitted a SOL ETF application to the U.S. SEC. This is the third cryptocurrency ETF application submitted by the company this month, following its earlier applications for LTC ETF and XRP ETF.

According to BlockBeats, on October 31, Fox Business reporter Eleanor Terrett posted on social media that the cryptocurrency investment firm Canary Capital has submitted an application for a SOL ETF to the U.S. SEC. This is the third cryptocurrency ETF application submitted by the company this month, as Canary Capital had previously applied for LTC ETF and XRP ETF.

Canary Capital has submitted a spot SOL ETF application to the SEC.

BlockBeats reported that on October 31, Fox Business reporter Eleanor Terrett posted on social media that cryptocurrency investment institution Canary Capital has submitted a SOL ETF application to the US SEC. This is the third cryptocurrency ETF application submitted by the company this month. Canary Capital has previously applied for LTC ETF and XRP ETF.

BlockBeats reported that on October 31, Fox Business reporter Eleanor Terrett posted on social media that cryptocurrency investment institution Canary Capital has submitted a SOL ETF application to the US SEC. This is the third cryptocurrency ETF application submitted by the company this month. Canary Capital has previously applied for LTC ETF and XRP ETF.

Canary Capital submits spot SOL ETF application to the US SEC

The cryptocurrency investment firm Canary Capital has submitted a SOL ETF application to the U.S. SEC, marking the third cryptocurrency ETF application the company has submitted this month.

According to Odaily Planet Daily, Fox Business reporter Eleanor Terrett stated on X that the cryptocurrency investment firm Canary Capital has submitted a SOL ETF application to the U.S. SEC, marking the company's third cryptocurrency ETF application this month. Canary has now applied for the SOL ETF, LTC ETF, XRP ETF, and launched the HBAR Trust.

Canary Capital submits SOL ETF application to the SEC.

Canary Capital, VanEck, and 21Shares Seek SEC Approval for Solana ETFs

Canary Capital, a new digital asset manager, has filed for a Solana exchange-traded fund (ETF) with the SEC, joining other firms like VanEck and 21Shares. If approved, investors can gain exposure to SOL without owning cryptocurrency.

Canary Capital Group, a new digital asset-focused investment firm, has applied for a Solana-based exchange-traded fund (ETF), joining other prestigious asset managers seeking to list a SOL ETF in the United States. Despite Blackrock opting out, Canary Capital is pursuing the spot Solana ETF to provide investors with exposure to SOL without having to purchase and store the cryptocurrency themselves. Solana is considered a key competitor to Ethereum, offering cost-effective and faster transactions. The SEC's concerns over Solana's classification as a security may impact the approval of SOL ETFs.

Canary Capital Group, a new digital asset-focused investment firm created by former Valkyrie Funds co-founder Steven McClurg, has become the latest investment firm to apply for a Solana-based exchange-traded fund (ETF).Canary Capital joins a growing list of prestigious asset managers seeking to list a SOL ETF in the United States, including VanEck and 21Shares.Canary Capital Pursues Spot Solana ETFDespite Bitcoin (BTC) ETF leader Blackrockopting out of the Solana ETF race, some other firms are not shying away from filing to introduce an investment vehicle that would give investors exposure to SOL without having to purchase and store the cryptocurrency themselves.According to anS-1 registration statementfiled on Oct. 30, Canary Capital’s proposed spot SOL ETF would let traditional investors access the Solana market via brokerage accounts without the potential hurdles to entry or risks.It’s worth mentioning that Canary Capital recently submitted S-1s for aspot XRP ETFon Oct. 8 and then aspot Litecoin ETFjust seven days later on Oct. 15. With its latest filing, the firm has not named the custodian and administrator for the SOL ETF, nor did it say what ticker symbol the fund would be listed under.SOL is currently the fifth-largest crypto on the market. The Solana blockchain is used for decentralized applications (dapps), decentralized finance (DeFi), and is home to a slew of meme coins. It’s considered a key competitor to Ethereum as it offers cost-effective and faster transactions.“Despite the hyper-competitive L1 and EVM landscape, Solana has emerged as a battle-tested front-runner for decentralized applications,” Canary wrote in the statement. “Solana’s robust DeFi ecosystem has led to strong sustained on-chain analytics as measured by transactions per day, active addresses, and new addresses, while maintaining a low fee environment for all consumers. Future growth in native on-chain stablecoin deployment will also likely further accelerate the commanding lead Solana maintains over its peers.”Solana has been considered the next digital asset to have a spot ETF greenlighted by the SEC, following Bitcoin and Ethereum approvals in January and July, respectively.Wen Solana ETF?Solana ETF anticipation has spurred huge investor attention since VanEcksubmitted paperworkto launch the VanEck Solana Trust in June 2024. 21Sharesfollowed VanEck’s lead, filing with the SEC to debut its own spot Solana ETF.Asset manager Grayscale recentlyfiledto convert a multi-asset fund into an ETF on the New York Stock Exchange, which features Solana exposure alongside Bitcoin, Ethereum, Ripple’s XRP, and Avalanche. These filings suggest a rising confidence in Solana’s potential among institutional investors.Franklin Templeton is alsoeyeing a spot SOL ETF, though it has yet to file an application.In the SEC’s pending lawsuits against digital asset exchanges likeCoinbase,Kraken, andBinance, the agency claims that SOL satisfies the Howey Test, thus making it a security. Some industry insiders now think SOL ETFs have anear-zero chance of approvaldue to the SEC’sconcernsover Solana’s classification as a security.However, others believe that with BTC and ETH ETFs already trading on U.S. exchanges, making a logical case to deny Solana the same product is a steep uphill battle for the regulator.

Canary Capital Group Applies for Solana ETF as Competition Heats Up

Crypto asset manager Canary Capital has filed for a spot Solana exchange-traded fund (ETF) with the United States securities regulator. The proposed ETF would track SOL's price through the Chicago Mercantile Exchange CF Solana index, allowing investors to access the Solana market without holding SOL directly. Other asset managers, including VanEck and 21Shares, have also filed for a US spot SOL ETF. Solana is considered the next cryptocurrency to have a spot ETF approved by the SEC.

Crypto asset manager Canary Capital has filed for a spot Solana exchange-traded fund (ETF) with the United States securities regulator — following the lead of VanEck and 21Shares. The spot Solana ( SOL ) ETF would track SOL’s price through the Chicago Mercantile Exchange CF Solana index — a real-time price benchmark product, Canary explained in an S-1 registration statement filed on Oct. 30. Canary’s proposed spot Solana ETF would allow investors to access the Solana market through a traditional brokerage account without potential barriers to entry or risks involved with holding SOL directly. Solana has been considered the next cryptocurrency to have a spot ETF approved by the SEC, following Bitcoin ( BTC ) and Ether ( ETH ) in January and July. Asset managers VanEck and 21Shares are the other two asset managers that have filed for a US spot SOL ETF on June 27 and 28, respectively. A spot SOL ETF is also on Franklin Templeton’s radar. Canary did not disclose who the custodian of the spot SOL ETF would be, nor did it state what ticker the fund would be listed under. The firm’s latest filing comes after Canary Capital submitted S-1s for a spot XRP ETF on Oct. 8 and then a spot Litecoin ETF a week later on Oct. 15. Related: Bitcoin ETF security concerns mount after FBI warns of North Korean hackers Solana’s price saw a minor spike on the news but is still down 2.3% over the last day to $174.6, CoinGecko data shows. In an Oct. 29 post, Canary noted that Solana has strongly eclipsed both Ethereum and the Binance Chain in active address market share, even when accounting for layer 2 chains. Canary was founded by former Steven McClurg, one of the founders of Valkyrie Funds and former managing director of Mike Novogratz’s Galaxy Digital. “We founded Canary to lead the way for the next iteration of actively managed and passive crypto-related offerings with a focus on risk management and adaptive, strategic foresight,” the company said on Oct. 1 after launching the Canary HBAR Trust — its first trust offering. Magazine: Bitcoin ETFs make Coinbase a ‘honeypot’ for hackers and governments: Trezor CEO 

Canary Capital Files for Spot Solana ETF with SEC

Canary Capital has filed for a Solana based exchange-traded fund as firms gear up to see if they can secure U.S. regulatory approval.The crypto investment firm filed an S-1 registration statement for the Canary Solana ETF on Wednesday. The fund looks to "provide exposure to the price of Solana ('SOL') held by the Trust," according to that filing. A custodian and administrator were not named."Solana's robust DeFi ecosystem has led to strong sustained on-chain analytics as measured by transactions per day, active addresses and new addresses, while maintaining a low fee environment for all consumers," the firm said in a statement.Steven McClurg founded Canary Capital and previously founded Valkyrie Funds, which has other spot crypto ETFs. Canary Capital has also filed registration statements for a spot Litecoin ETF and an XRP ETF.Fund manager VanEck similarly filed for a spot Solana ETF in June. Matthew Sigel, head of digital assets research at VanEck asserted in a post on X at the time that SOL is a commodity because it "functions similarly" to bitcoin and ether. The SEC said SOL is a security when it filed charges against crypto exchange Binance last year.The SEC approved 11 spot bitcoin ETFs earlier this year and soon after gave the green light for eight Ethereum ETFs.

Canary Capital Files for Solana ETF, Following VanEck's Lead

The crypto asset manager Canary Capital has filed for a spot Solana ETF with the SEC. This comes after the company previously filed for spot XRP and Litecoin ETFs in October.

<img src='https://sosovalue.s3.us-west-2.amazonaws.com/sosovalue/web3image/24/10/31/lr84tttnwov6.png'/>The crypto asset manager has now filed for a spot Solana ETF after getting the ball rolling for a spot for XRP ETF and Litecoin ETF earlier in October.

Canary Capital 已申请一个基于 Solana 的交易所交易基金，随着各公司准备争取美国监管机构的批准。该基金旨在提供对 Trust 持有的 Solana ('SOL') 价格的投资机会。Steven McClurg 创立了 Canary Capital，并曾创立 Valkyrie Funds，该公司拥有其他现货加密货币 ETF。基金管理公司 VanEck 也在 6 月申请了一个现货 Solana ETF。

Canary Capital申请了Solana ETF，紧随VanEck的步伐。

Canary Capital 已申請一個基於 Solana 的交易所交易基金，隨着各公司準備爭取美國監管機構的批准。該基金旨在提供對 Trust 持有的 Solana ('SOL') 價格的投資機會。Steven McClurg 創立了 Canary Capital，並曾創立 Valkyrie Funds，該公司擁有其他現貨加密貨幣 ETF。基金管理公司 VanEck 也在 6 月申請了一個現貨 Solana ETF。