{"id":18212,"date":"2024-10-31T09:46:59","date_gmt":"2024-10-31T07:46:59","guid":{"rendered":"https:\/\/forklog.com\/en\/canary-capital-seeks-approval-for-solana-based-spot-etf\/"},"modified":"2024-10-31T09:46:59","modified_gmt":"2024-10-31T07:46:59","slug":"canary-capital-seeks-approval-for-solana-based-spot-etf","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/canary-capital-seeks-approval-for-solana-based-spot-etf\/","title":{"rendered":"Canary Capital Seeks Approval for Solana-Based Spot ETF"},"content":{"rendered":"<p>The crypto investment firm Canary Capital has <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/2041869\/000199937124014193\/solana-s1_103024.htm\">submitted an S-1 filing<\/a> to the <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span> for the registration of a Solana-based spot ETF.<\/p>\n<p><!--more--><\/p>\n<p>According to the document, the firm aims to &#8220;provide access to the price of Solana (SOL) held by the Trust.&#8221;\u00a0<\/p>\n<p>The custodian and administrator of the product have not been specified.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>\u201cSolana&#8217;s developed DeFi ecosystem ensures sustainable on-chain activity, as evidenced by the number of daily transactions, active and new addresses, while maintaining low fees for users,\u201d the company stated.<\/cite><\/p><\/blockquote>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/wal.webp\" alt=\"wal\" class=\"wp-image-244208\"\/><figcaption class=\"wp-element-caption\">Growth dynamics of active wallets based on Solana. Data: <a href=\"https:\/\/solscan.io\/analytics\">Solscan<\/a>.<\/figcaption><\/figure>\n<p>SOL ranks fifth by market capitalization on <a href=\"https:\/\/www.coingecko.com\/\">CoinGecko<\/a> with a valuation of $82.23 billion. The asset is trading around $174, which is 32.7% below its all-time high <span data-descr=\"all-time high of the indicator\" class=\"old_tooltip\">ATH<\/span> of approximately $260 reached three years ago.\u00a0<\/p>\n<p>In October, Canary Capital filed similar applications for launching spot ETFs based on <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/2039505\/000199937124013130\/canaryxrp-s1_100824.htm\">XRP from Ripple<\/a> and Litecoin.\u00a0<\/p>\n<p>Back in June, investment firm VanEck <a href=\"https:\/\/u1f987.com\/en\/news\/vaneck-files-for-solana-etf-boosting-sol-price\">submitted<\/a> a form to the SEC for the registration of an exchange-traded fund based on Solana.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The crypto investment firm Canary Capital has submitted an S-1 filing to the SEC for the registration of a Solana-based spot ETF.<\/p>\n","protected":false},"author":1,"featured_media":18211,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[569,1159],"class_list":["post-18212","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-etf","tag-solana-sol"],"aioseo_notices":[],"amp_enabled":true,"views":"7","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/18212","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=18212"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/18212\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/18211"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=18212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=18212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=18212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}