The Canary Capital made an updated application for the solea -based ETF of the United States Securities and Stock Exchange Commission (SEC). The company made some changes in the application to improve the content of the fund. These changes include the change of ETF’s name to ‘Canary Marinade Solana Etf’. With the amendment, the new partnership with Marinade Finance is emphasized. Thus, it may be possible to stake left tokens within the scope of this ETF.
Updated Application for SEC
In the documents published by the SEC, Canary Capital has renewed its application for Solana ETF. It is stated that this update aims to integrate the cooperation with Marinade Finance to the operation of ETF. Marinade Finance, the defi protocol at the Solana ecosystem, previously made a short preliminary announcement about this partnership. The company evaluated that this update can offer additional advantages to investors.
Canary Capital’s cooperation with Marinade Finance brings the option to stak the left tokens to the ETF framework. In this method, investors can obtain Stinging Awards from the Solana network through the fund. Bloomberg analyst James Seyffart said that the update directly reflects this cooperation.
Developments in the markets and SEC’s status
The development came up immediately after the US Sec SEC 21 Shares and Bitwise companies to wait for solana ETF applications. The delay decision by the SEC has increased the expectations of the evaluation process of new ETF applications in the market. For this reason, such updates for applications are viewed with interest in the market.
Interest in fading funds in crypto money markets has been increasing recently. Experts, ETFs stinging integration may be effective on the performance of the fund, he says. In addition, this update can allow traditional investors to benefit from stake revenues.
In an official statement made by Marinade Finance, the aim of the new cooperation was emphasized.
Marinade Finance: “We want to offer innovation and more opportunities for investors in the Solana ecosystem.”
In this statement, it is seen that the goal of gaining an innovative perspective to the sector is prominent.
Experts report that the SEC’s approach to crypto -based ETFs is under the lens. The observers say that the delays applied may be effective on the approval process of the funds. However, it is thought that updates made by sector representatives may contribute to the possibility of approval of ETFs.
The new application offers investors the potential to access both the price movements of Solana and the stinging revenues on the network. In this way, the return of users who invest in crypto -based funds is expected to diversify.
Canary Capital’s application update is important for those who closely follow the Solana ecosystem and ETF market. With the amendments made, it is aimed to provide investors the opportunity to increase the potential value of Solana and to benefit from Stinging Awards. In addition, it is observed that the examination and waiting processes of SEC’s crypto ETF applications affect the speed of innovations in the sector. In this context, it is foreseen that new cooperation models in investment instruments may increase diversity in financial markets.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
