Canary

Solana

Litecoin

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 <li><strong>Canary Capital has filed for a Solana ETF, marking its third crypto ETF application this month.</strong></li>
 <li><strong>Solana’s strong transaction efficiency and stablecoin growth strengthen its appeal in DeFi. The</strong></li>
 <li><strong>SEC’s 2023 classification of Solana as a security raises regulatory challenges for the ETF.</strong></li>
</ul>
<p>Canary Capital has submitted an application to the U.S. Securities and Exchange Commission (SEC) for a Solana ETF, marking its third crypto ETF application within the past month. The application follows previous filings for a Litecoin ETF and an XRP Ripple ETF, along with the current launch of an HBAR Trust.</p>
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<p>James Seyffart, who has closely followed these filings, notes that Canary has not yet launched a live ETF, despite a series of applications in past months. This filing indicates a continued focus on building digital asset-based financial products that could soon provide investors with a regulated path to access Solana’s native assets.</p>
<h2 class="wp-block-heading" id="h-solana-s-defi-growth-and-industry-position">Solana’s DeFi Growth and Industry Position</h2>
<p>Steven McClurg, a representative of Canary Capital, described Solana as a “battle-tested frontrunner” within the competitive L…</p>
<p>The post <a href="https://coinedition.com/canary-capital-applies-for-solana-etf-challenging-sec-stance/" rel="noopener noreferrer nofollow">Canary Capital Applies for Solana ETF, Challenging SEC Stance</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Canary Capital Applies for Solana ETF, Challenging SEC Stance

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