Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Canary Capital Files for Solana ETF in the US

Canary Capital Files for Solana ETF in the US

HappyCoinNews2024/10/31 22:33
By: HappyCoinNews
BTC-0.14%SOL+1.76%ETH-0.07%

Investment company Canary Capital filed a application for spot issue in the US ETF based on cryptocurrency Solana (SUN).

According to the data specified in the derivative registration form, Solana - ETF from Canary Capital will track the SOL price in real time using an index developed by the Chicago Mercantile Exchange. Investors will be able to purchase shares ETF , using a regular brokerage account, and make money on price increases Solana However, it is not yet known where the digital assets acquired in exchange for the issued shares will be stored. ETF .

In addition to Canary Capital, applications seeking approval for the creation of Solana - ETF VanEck and 21Shares, which issued funds based on bitcoin, have filed with the US Securities and Exchange Commission Ethereum (ETH). In addition, a derivative based on SOL is planned to be presented by the financial industry giant Franklin Templeton, which manages client assets worth at least $1,5 trillion.

According to many experts, the regulator will approve the launch of trading Solana - ETF , so a significant influx of capital is expected into the cryptocurrency market. However, SOL is doing just fine without support from derivatives issuers. Since October 10, the coin has risen in price by 29%, and its rate fluctuates above the bullish trend line, so the upward trend should continue.

Canary Capital Files for Solana ETF in the US image 0

Bullish trend line on price change chart Solana

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

New spot margin trading pair — HOLO/USDT!
Bitget Announcement2025/09/12 07:46
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA2025/09/12 06:14
OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA2025/09/12 06:14
New spot margin trading pair — LINEA/USDT!
Bitget Announcement2025/09/11 10:04

Trending news

More
1
New spot margin trading pair — HOLO/USDT!
2
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

Crypto prices

More
Bitcoin
Bitcoin
BTC
$115,767.88
-0.05%
Ethereum
Ethereum
ETH
$4,665.88
-1.77%
XRP
XRP
XRP
$3.1
-0.31%
Tether USDt
Tether USDt
USDT
$1
-0.02%
Solana
Solana
SOL
$247.5
+1.61%
BNB
BNB
BNB
$934.1
+0.86%
USDC
USDC
USDC
$0.9996
-0.02%
Dogecoin
Dogecoin
DOGE
$0.2874
+1.25%
TRON
TRON
TRX
$0.3509
-0.75%
Cardano
Cardano
ADA
$0.9191
-0.94%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter