The post Canary Updates S-1 Application for Solana ETF with SEC appeared on BitcoinEthereumNews.com. Key Points: Canary updates S-1 for Solana ETF with SEC, proposing 0.50% fee rate. Spot Solana ETF aims for Cboe BZX Exchange listing. Potential market influence on SOL value and liquidity due to ETF. Canary Capital Group LLC has updated its S-1 application with the SEC for a spot Solana ETF, proposing a fee rate of 0.50%, according to an October 29 filing. The proposed ETF aims to provide institutional exposure to Solana, potentially impacting market liquidity and price transparency as spot ETFs gain regulatory attention. Canary Proposes 0.50% Fee Rate in Solana ETF Filing Canary Capital Group LLC has updated its S-1 application for a spot Solana ETF, proposing a fee rate of 0.50%. The updated application was filed with the SEC and aims to allow investors to gain exposure to Solana’s price movements while also participating in its proof-of-stake validation process. The ETF, sponsored by Canary Capital Group LLC and managed as a passive product, could impact Solana’s market dynamics. With targets to list on the Cboe BZX Exchange, the ETF may impact both spot and derivatives markets focusing on SOL. This potential listing is anticipated to enhance liquidity and price transparency on exchange platforms, possibly affecting correlated assets like ETH and BTC. The ETF’s objectives include earning additional SOL through network participation, influencing the institutional custody landscape via BitGo Trust Company, Inc., the custodian for SOL. Community reactions to the SEC filing remain unvoiced by key figures or executives from Canary and prominent industry leaders. Without statements from leaders or community members, the direct sentiment of stakeholders remains unrecorded. Solana Market Faces Expected Volatility Amid ETF Prospect Did you know? The SEC processing ETF applications for digital assets is a developing landscape, reflecting a growing institutional interest in cryptocurrencies like Solana, following past precedents in BTC and… The post Canary Updates S-1 Application for Solana ETF with SEC appeared on BitcoinEthereumNews.com. Key Points: Canary updates S-1 for Solana ETF with SEC, proposing 0.50% fee rate. Spot Solana ETF aims for Cboe BZX Exchange listing. Potential market influence on SOL value and liquidity due to ETF. Canary Capital Group LLC has updated its S-1 application with the SEC for a spot Solana ETF, proposing a fee rate of 0.50%, according to an October 29 filing. The proposed ETF aims to provide institutional exposure to Solana, potentially impacting market liquidity and price transparency as spot ETFs gain regulatory attention. Canary Proposes 0.50% Fee Rate in Solana ETF Filing Canary Capital Group LLC has updated its S-1 application for a spot Solana ETF, proposing a fee rate of 0.50%. The updated application was filed with the SEC and aims to allow investors to gain exposure to Solana’s price movements while also participating in its proof-of-stake validation process. The ETF, sponsored by Canary Capital Group LLC and managed as a passive product, could impact Solana’s market dynamics. With targets to list on the Cboe BZX Exchange, the ETF may impact both spot and derivatives markets focusing on SOL. This potential listing is anticipated to enhance liquidity and price transparency on exchange platforms, possibly affecting correlated assets like ETH and BTC. The ETF’s objectives include earning additional SOL through network participation, influencing the institutional custody landscape via BitGo Trust Company, Inc., the custodian for SOL. Community reactions to the SEC filing remain unvoiced by key figures or executives from Canary and prominent industry leaders. Without statements from leaders or community members, the direct sentiment of stakeholders remains unrecorded. Solana Market Faces Expected Volatility Amid ETF Prospect Did you know? The SEC processing ETF applications for digital assets is a developing landscape, reflecting a growing institutional interest in cryptocurrencies like Solana, following past precedents in BTC and…

                                                                               21Shares has filed for a Hyperliquid ETF, while Bitwise’s Solana staking ETF has a big day of trading as investors perk their ears toward altcoins.                     Asset manager 21Shares is seeking to launch an exchange-traded fund (ETF) tracking the token behind the perpetual futures protocol and blockchain, Hyperliquid, amid growing Wall Street interest in alternative cryptocurrencies.The company filed for the 21Shares Hyperliquid ETF with the Securities and Exchange Commission on Wednesday, which did not disclose a ticker symbol or fee. Coinbase Custody and BitGo Trust were named as custodians.It follows a similar filing for a Hyperliquid (HYPE) ETF from Bitwise last month. The token gives discounts on the Hyperliquid decentralized exchange and is used to pay fees on its blockchain. It has increased in value over the past year, in line with the service’s growing popularity.Read more