The crypto asset manager has now filed for a spot Solana ETF after getting the ball rolling for a spot for XRP ETF and Litecoin ETF earlier in October.
Crypto asset manager Canary Capital has filed for a spot Solana exchange-traded fund (ETF) with the United States securities regulator — following the lead of VanEck and 21Shares.
The spot Solana (SOL) ETF would track SOL’s price through the Chicago Mercantile Exchange CF Solana index — a real-time price benchmark product, Canary explained in an S-1 registration statement filed on Oct. 30.
Canary’s proposed spot Solana ETF would allow investors to access the Solana market through a traditional brokerage account without potential barriers to entry or risks involved with holding SOL directly.
