Shocking News: Canary Capital’s ETF Gets a Makeover and Staking! 😱💰

So, picture this: it’s Wednesday, May 21, and Canary Capital decides to spice things up by amending its S-1 filing for a Solana exchange-traded fund. Gone is the boring old “Canary Solana Trust” – say hello to the fabulously renamed “Canary Marinade Solana ETF.” Because, you know, who doesn’t want their investments to sound like a trendy cocktail? 🍹

But wait, there’s more! This updated document is not just a pretty face; it’s got some serious business behind it. Canary has teamed up with Marinade Finance, the cool kids on the block who are all about decentralized staking. Thanks to this partnership, the fund can now include SOL staking in its ETF system. That’s right, folks! Your SOL assets can now earn income while lounging in Marinade’s liquid staking process. Talk about a vacation for your money! 🏖️

And just when you thought it couldn’t get any juicier, Ethereum ETF issuers like Bitwise are knocking on the SEC’s door, begging for a little staking action too. If the SEC decides to play nice under the pro-crypto Paul Atkins, we might just see that Solana staking clause approved. But hold your horses! If the agency pulls a fast one like it did before the Ether ETF approval in July 2024, we might have to wave goodbye to that staking clause. Oh, the drama! 🎭

2025-05-21 17:08

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