Crypto investment firm Canary Capital has filed an S-1 registration statement for a Solana-based ETF. The fund aims to “provide access to the price of Solana (SOL) held by the Trust.” The custodian and administrator were not specified in the filing.
Canary Capital noted that “the robust decentralized finance ecosystem of Solana has led to strong sustainable on-chain analytics measured by daily transactions, active addresses, and new addresses while maintaining low fees for all consumers.”
Fund manager VanEck also filed for a Solana-based ETF in June. According to statements, the Securities and Exchange Commission (SEC) previously stated that SOL is a security.