Canary Capital Amends Solana ETF Filing to Include Marinade SOL Staking; SEC Delays Decision

• Canary Capital amended its Solana ETF filing to include staking via Marinade Finance.
• The SEC postponed Solana ETF decisions, extending review into the second half of 2025.
• Polymarket traders show 82% confidence in ETF approval before the end of 2025.

On May 21, 2025, Canary Capital submitted an amended S-1 registration statement to the U.S. Securities and Exchange Commission (SEC) for its proposed spot Solana (SOL) exchange-traded fund (ETF). 

The updated filing introduces a partnership with Marinade Finance, enabling the fund to incorporate SOL staking into its structure. This integration aims to provide investors with exposure to both Solana’s price movements and staking rewards through a regulated investment vehicle. 

Canary Capital Adds Marinade SOL Staking to Updated Solana ETF Filing

The ETF, now renamed the “Canary Marinade Solana ETF,” plans to utilize Marinade’s liquid staking protocol. Staking rewards may be reinvested or distributed to shareholders, depending on the fund’s guidelines. 

This development aligns with similar initiatives by other asset managers seeking SEC approval to include staking features in their crypto-based ETFs.

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