Canary and Marinade File Amended Solana ETF S-1/A as Market Eyes $1,000

The Solana ecosystem took a step toward mainstream financial exposure after the Canary Marinade Solana ETF filed an amended S-1/A with the ￰0￱ exchange-traded product aims to track Solana’s price performance while incorporating staking rewards as part of its return ￰1￱ ETF, sponsored by Canary Capital Group LLC, will trade on the Cboe BZX Exchange under the ticker “SOLC” once ￰2￱ traditional funds, the Trust will not register under the Investment Company Act of 1940 or the Commodity Exchange ￰3￱ means investors will not receive protections that apply to mutual funds or commodity pools. However, it will still offer transparent exposure to Solana (SOL) through a structure designed for institutional and retail investors seeking regulated crypto exposure.

ETF’s Structure and Staking Integration According to the filing , the Trust will issue shares representing beneficial interests in baskets of 10,000. Authorized participants will exchange cash or SOL for these ￰4￱ ETF’s net asset value (NAV) will be calculated using the CoinDesk Solana CCIXber 60-minute New York Rate, ensuring accurate price ￰5￱ Custodian, BitGo Trust Company, will hold the Trust’s Solana, while Sous Vide Ltd. (Marinade Finance) will serve as the initial staking ￰6￱ rewards will be integrated into the Trust’s performance, adding an additional yield ￰7￱ traditional exposure, this staking component allows investors to indirectly benefit from network participation, an uncommon feature among crypto ￰8￱ Price Analysis and Technical View At the time of writing, Solana was trading around $212 , down over 3% in 24 hours and 9.6% for the ￰9￱ short-term pressure, data from ￰10￱ indicates renewed bullish momentum after reclaiming the $195 support zone.