- Canary Capital files S-1 for a Solana ETF
- ETF aims to hold and stake $SOL for rewards
- Solana may follow Bitcoin and Ethereum ETF path
Canary Capital has taken a bold step into the world of crypto ETFs by filing an S-1 registration form with the U.S. Securities and Exchange Commission (SEC) for a Solana ETF. If approved, this would be one of the first exchange-traded funds to not only hold Solana ($SOL) but also stake it — potentially earning additional rewards for investors.
This move comes as interest in Solana continues to surge, thanks to its high-speed blockchain capabilities, low fees, and growing ecosystem. While Bitcoin and Ethereum have already received significant ETF attention, Solana could be the next major asset to gain institutional exposure through traditional financial markets.
What Makes This Solana ETF Different?
The most notable feature of Canary Capital’s proposed Solana ETF is its staking component. Unlike traditional ETFs that simply track the price of an asset, this fund would actively stake the Solana it holds. This means it would participate in securing the network and earn staking rewards, which could be passed along to investors in the form of higher returns.
By blending traditional investment structure with blockchain functionality, this ETF aims to offer both capital appreciation and passive income — a rare combination in the ETF space.
A New Era for Crypto ETFs?
The filing signals growing demand for diversified crypto exposure beyond Bitcoin and Ethereum. With Solana’s increasing relevance in DeFi , NFTs, and Web3 projects, many see it as a strong candidate for mainstream adoption.
However, regulatory approval is still pending. The SEC has yet to approve any spot crypto ETFs beyond Bitcoin, and it’s unclear how they’ll view staking within a regulated investment vehicle. Regardless, Canary Capital’s move shows confidence in Solana’s long-term potential and opens the door for more altcoin ETFs in the future.
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