Canary Capital Shakes Up Crypto Landscape with Groundbreaking Solana ETF Filing Including Staking Rewards

Wall Street meets Web3 as Canary Capital drops regulatory bombshell.

The investment firm just filed paperwork for what could become the first Solana ETF with integrated staking capabilities—a move that could fundamentally reshape institutional crypto exposure.

Staking Integration Changes Everything

This isn't just another crypto fund filing. The staking component turns passive holdings into yield-generating assets, potentially creating a virtuous cycle of institutional adoption and network security. Traditional finance finally wakes up to what crypto natives have known for years.

Regulatory Hurdles Ahead

The SEC will scrutinize this filing like a hawk watching its prey. Solana's classification remains contentious, and staking adds another layer of regulatory complexity. Canary Capital either knows something we don't or enjoys playing regulatory chicken.

Market Implications

If approved, this ETF could unlock billions in institutional capital currently sitting on the sidelines. Solana's ecosystem would receive massive validation while traditional investors get their coveted regulated exposure—with yield to boot.

Because nothing says 'mature asset class' like wrapping innovative technology in the same bureaucratic packaging that brought you countless mediocre mutual funds.

Canary Capital has filed an updated S-1 registration for a solana ETF that will hold and stake $SOL tokens, aiming to deliver both price exposure and staking rewards to investors. The ETF, named Canary Marinade Solana ETF, partners with Marinade Finance for Solana staking integration. The filing reflects a growing trend of crypto ETFs combining asset holding with staking rewards, pending regulatory approval with a probable decision in late 2025.