Canary Capital Files S-1 for Spot Solana ETF with SEC, Marking Third Crypto ETF Application This Month

Oct 30, 2024, 09:14 PM

Canary Capital, a cryptocurrency investment firm founded by former Valkyrie Funds co-founder Steven McClurg, has submitted an S-1 filing to the U.S. Securities and Exchange Commission (SEC) for a spot Solana (SOL) exchange-traded fund (ETF). This marks the firm's third cryptocurrency ETF application this month, following previous filings for XRP and Litecoin (LTC) ETFs and the launch of an HBAR trust. Canary Capital's filing comes amid increasing momentum for Solana ETFs in the United States, with similar applications recently submitted by VanEck and 21Shares. The move reflects growing investor demand for diversified crypto investment products, particularly following the approvals of Bitcoin and Ethereum ETFs.