Another day, another exchanged an unthinkable crypto exchange funds. The Solana ETF offered by Canary Capital has become the second vehicle of this type to reach the starting door.
In a regulatory file on Tuesday, the Securities and Exchange Commission (SEC) opened the public comments on the “Canary Solana Trust”, an ETF proposed which would bring investing in consumer finances.
The deposit is equivalent to a clock establishment for the available investment vehicle in Canary Capital. In 21 days, the SEC will make a verdict (approval or refusal) or, perhaps more likely, kick the decision with delay extensions.
Market observers are generally optimistic than soil and other altcoins will win their own ETFs this year, but the exact calendar and order are not clear. What is apparently apparent is the new will of the dry to examine favorably the industry and to pass the old doubts of the regulator under the former president Gary Gensler.
Donald Trump’s return to the White House created an opening so that Canary acts aggressively, said CEO Steve McClurg to Coindesk. The firm seeks to list the Altcoin FNB for assets like Solana who would have been non-starters under the Old Regime.
The potential of Solana ETF de Graycale reached this starting door last week, which means that its 21 -day fate will come a few days before that of Canary – and will probably be a “canary in the coal mine” for both.
A Canary representative did not immediately respond to a request for comments.
