Canary Capital has filed an amended version of its Solana ETF with the US Securities and Exchange Commission (SEC) to improve the fund’s offerings. As part of the amendment, the asset manager has updated the ETF’s name to reflect its new partnership with Marinade Finance for SOL staking.
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Canary Capital Files Amended Solana ETF Prospectus
A recent SEC filing shows that the asset manager has filed an amended version of the registration statement for its SOL ETF. As part of the changes, Canary Capital has changed the fund’s name to ‘Canary Marinade Solana ETF.’
As Bloomberg analyst James Seyffart noted, the amendment reflects the partnership with Marinade Finance for SOL staking in the ETF wrapper. The Solana DeFi protocol had also teased about the partnership yesterday, while hinting at a big announcement today.
This development comes just as the US SEC delayed 21 Shares and Bitwise’s SOL ETF applications. The Commission also delayed its decision on Canary’s SOL ETF filing, with the next deadline coming up on August 17.
Seyffart predicts that the SEC will unlikely approve any filing until late June or early July at the “absolute earliest.” However, he believes an approval is more likely in early Q4. It is worth mentioning that the agency has also delayed its decision on other crypto ETFs, including the XRP ETFs.
As CoinGape reported, the most recent delays were Grayscale’s Dogecoin and XRP ETF filings and 21Shares’ XRP ETF filing. However, according to Polymarket data, the SOL and XRP ETFs still have the highest chance of being approved this year.
Breaking: Canary Capital Amends Solana ETF Filing To Include SOL Staking
Canary Capital has filed an amended version of its Solana ETF with the US Securities and Exchange Commission (SEC) to improve the fund’s offerings. As part of the amendment, the asset manager has updated the ETF’s name to reflect its new partnership with Marinade Finance for SOL staking.
Advertisement
Advertisement
Canary Capital Files Amended Solana ETF Prospectus
A recent SEC filing shows that the asset manager has filed an amended version of the registration statement for its SOL ETF. As part of the changes, Canary Capital has changed the fund’s name to ‘Canary Marinade Solana ETF.’
As Bloomberg analyst James Seyffart noted, the amendment reflects the partnership with Marinade Finance for SOL staking in the ETF wrapper. The Solana DeFi protocol had also teased about the partnership yesterday, while hinting at a big announcement today.
This development comes just as the US SEC delayed 21 Shares and Bitwise’s SOL ETF applications. The Commission also delayed its decision on Canary’s SOL ETF filing, with the next deadline coming up on August 17.
Seyffart predicts that the SEC will unlikely approve any filing until late June or early July at the “absolute earliest.” However, he believes an approval is more likely in early Q4. It is worth mentioning that the agency has also delayed its decision on other crypto ETFs, including the XRP ETFs.
As CoinGape reported, the most recent delays were Grayscale’s Dogecoin and XRP ETF filings and 21Shares’ XRP ETF filing. However, according to Polymarket data, the SOL and XRP ETFs still have the highest chance of being approved this year.
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