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.