Solana ETF Advances in SEC Review

Canary Capital’s Solana ETF Under SEC Review

• The SEC has opened public comment on the “Canary Solana Trust” ETF.
• Canary Capital’s Solana ETF is the second such proposal to reach this stage.
• The SEC will decide on approval or denial within 21 days, with possible extensions.
• Grayscale’s Solana ETF proposal reached this stage last week.

The Securities and Exchange Commission is reviewing Canary Capital’s proposed Solana ETF, with a decision expected in 21 days. This follows Grayscale’s similar proposal reaching the same review stage last week.