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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<p>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.</p>
<p>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.</p>
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Canary Capital submits a spot Solana ETF application to the U.S. SEC.