Canary Capital Files to Launch a Solana ETF
Canary Capital has filed for a new Solana ETF with the SEC, their second foray into the world of crypto exchange-traded funds.
This filing is part of their continued expansion into the crypto ETF market, which has seen a recent increase in filings from the company.
This new filing demonstrates Canary Capital’s desire to offer a wider range of options beyond just popular cryptocurrencies like Bitcoin and Ethereum.
In addition to the SOL ETF, they also recently filed for a Litecoin ETF and an XRP ETF. The XRP filing gained a lot of attention as it was one of the first of its kind and showed a growing interest in altcoins by institutional investors.
21Shares had previously applied for a SOL ETF, but recently withdrew the application, making Canary Capital’s filing the second for a SOL ETF.
