Canary Capital Files Amended Registration Statement with the SEC for its Solana ETF to Reflect New Staking Features

Canaries Capital has filed an amended registration statement with the SEC for its Solana ETF to reflect new staking features. The updated filing includes a revised name, now listed as “Canary Marinade Solana ETF,” following a partnership with Marinade Finance.

Canary Capital has filed an amended registration statement with the SEC for its Solana ETF to reflect new staking features and a partnership with Marinade Finance. The updated filing includes a revised name, now listed as “Canary Marinade Solana ETF.”

Key Points:

* The amendment introduces SOL staking as a core part of the ETF structure.

* Canary Capital partnered with Marinade Finance, a major Solana DeFi staking protocol, to integrate staking rewards into the SOL ETF.

* The partnership and name change are part of broader adjustments to strengthen the asset manager’s market offering.

* Marinade Finance hinted at the partnership in a recent post, which aimed to build anticipation ahead of the official SEC filing.

* Bloomberg analyst James Seyffart confirmed that the amendment was directly tied to the new staking arrangement.

* This adjustment is rare, as it includes on-chain staking in a proposed U.S. crypto ETF.

* The Solana ETF’s revised structure may appeal to market participants who are interested in gaining exposure to staking rewards.

* Canary Capital aims to offer a more competitive and diversified product through this new structure.

SE Delivers More Time for Solana ETF Decision

SE has postponed its decision on the Solana ETF until at least August 17. This follows similar extensions for other crypto ETF filings, such as those from Bitwise and 21Shares.

Notably, no SOL-based ETF product has been approved by the agency this year, with Seyffart suggesting that approvals may not come before late June or early July, depending on SEC timelines. He added that early Q4 is still the most probable window for final decisions.

The Solana ETF remains under review amid a broader wave of crypto ETF proposals awaiting regulatory clarity. SE has extended review periods for Grayscale’s Dogecoin and XRP ETF filings, citing standard review procedures. 21Shares is also awaiting a decision on its XRP ETF application, which remains pending after recent delays.

These delays reflect a broader trend of cautious regulatory assessments across all crypto ETF proposals. According to Polymarket data, the SOL ETF and XRP ETFs currently show the strongest probability of approval this year. However, no official timeline guarantees immediate regulatory clearance for any proposed crypto fund.