Canary Capital has filed an amended S-1 registration with the U.S. Securities and Trade Fee for its proposed spot Solana exchange-traded fund (ETF), renaming it the ‘Canary Marinade Solana ETF.’ The up to date submitting introduces staking as a characteristic of the ETF, making it the primary U.S.-based Solana ETF utility to explicitly embody a staking resolution.
Marinade Finance has been named because the unique staking supplier for the ETF, using its institutional-grade staking platform, Marinade Choose. Marinade Choose options SOC 2-compliant, non-custodial infrastructure and delegates to 30-40 KYC-verified validators to advertise community decentralization and meet institutional compliance necessities.
If authorized, the ETF would provide traders publicity to Solana (SOL) in addition to staking rewards generated by way of Marinade Choose. Marinade at the moment secures over 10 million SOL throughout its staking merchandise. The SEC’s resolution on the ETF is pending. Marinade has beforehand partnered with Bitwise Europe and Coinbase Prime. SOL is buying and selling close to $169.
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