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International Business Times

Business

Marvie Basilan

After $XRP, $LTC, Canary Capital Files For $SOL ETF Amid Solana Network's Ascent

Solana SOL Canary Canary Capital ETF XRP Ethereum Crypto 10x Research

Canary Capital has filed for a spot $SOL ETF just weeks after it filed S-1 forms for spot $XRP and $LTC ETFs. (Credit: Solana on X / Video Screenshot)

KEY POINTS

Canary is betting on the Solana network's 'robust DeFi ecosystem' in its latest move
The crypto asset manager recently filed S-1 documents for XRP and Litecoin
Some industry experts believe the Solana blockchain's recent figures signal a potential 'power shift' in the industry

Cryptocurrency asset manager Canary Capital is diving deeper into the exchange-traded fund (ETF) segment as the company filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) for a spot Solana (SOL) ETF.

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