Canary Capital’s Strategic Pivot: Solana ETF Proposal Enhanced with Staking Integration

Canary Capital has taken a significant step forward in the cryptocurrency investment space by revamping its Solana ETF proposal to include staking functionality. This move, in partnership with Marinade Finance, underscores growing institutional confidence in Solana’s ecosystem and reflects a broader trend of regulatory acceptance for staking features in crypto investment products. The amended application, now rebranded as the Canary Marinade Solana ETF, highlights the evolving landscape of digital asset investments and the increasing integration of decentralized finance (DeFi) mechanisms into traditional financial products.

Canary Capital Revamps Solana ETF Proposal with Staking Integration

Canary Capital has filed an amended application for its spot solana ETF, now rebranded as the Canary Marinade Solana ETF, in a strategic pivot that incorporates staking functionality. The move signals growing institutional confidence in Solana’s ecosystem and reflects evolving regulatory tolerance for staking features in crypto investment products.

The partnership with Marinade Finance, a leading Solana staking protocol, positions this as the first major ETF proposal to actively integrate yield-generating mechanisms. Bloomberg analyst James Seyffart notes the filing demonstrates how asset managers are testing boundaries under current SEC leadership, particularly for altcoin-based funds.

This development comes as regulators show increased openness to crypto-native features in traditional investment vehicles, marking a potential inflection point for altcoin adoption by institutional investors.

Solana (SOL) Price Eyes New All-Time High Amid Strong Support and Growing Adoption

Solana’s SOL token is demonstrating robust upward momentum, trading firmly above $172 as bullish technical patterns emerge. A well-defined trend line now offers support at $170, while resistance looms NEAR the $178-$180 range. Market participants are eyeing $200 as the next psychological target should current buying pressure persist.

The network’s fundamentals strengthen as meme coin projects and new decentralized applications flock to its ecosystem. Chainlink’s recent "Build on Solana" initiative has further catalyzed developer activity, driving organic growth. SOL’s price action confirms this optimism—after bouncing decisively from $165 support, the asset has consecutively breached $170 and $172 resistance levels, peaking at $177.50 before entering consolidation.