Canary Capital Files S-1 for Spot Solana ETF, Following VanEck and 21Shares, Founded by Steven McClurg

Oct 30, 2024, 09:09 PM

Canary Capital has officially filed for a spot Solana ETF, marking a significant move in the cryptocurrency investment landscape. This filing follows similar submissions by VanEck and 21Shares, positioning Canary as the second firm to seek approval for a Solana-based exchange-traded fund. The filing was accompanied by an S-1 document, which is a requirement for firms looking to issue such financial products. Canary Capital, founded by Steven McClurg, a former co-founder of Valkyrie Funds, aims to capitalize on the growing interest in Solana and its associated assets.