Canary Capital Files Application with SEC to Launch a Solana ETF

On October 30, Canary Capital submitted an application to the US Securities and Exchange Commission (SEC) for a spot Solana ETF (exchange-traded fund).

This is yet another attempt by the firm to offer investment opportunities focused on Solana through traditional brokerage channels.

This move comes after Canary recently filed for ETFs for XRP and Litecoin, showing their interest in expanding investment options for cryptocurrency holders.

The proposed spot ETF from Canary Capital plans to track the performance of SOL through the CF Solana Index, which provides real-time price tracking, as stated in its S-1 registration statement.

This structure aims to offer investors exposure to Solana’s price movement without the complexity and security risks of directly holding cryptocurrency.

If approved, the ETF will allow investors to enter the Solana market through a standard brokerage account.

Crypto ETFs are attractive to investors as they provide indirect exposure to digital assets, offering a simplified and lower-risk alternative.