Canary Capital has filed for a spot Solana exchange-traded fund (ETF) with the United States Securities and Exchange Commission (SEC). This follows their earlier filings for spot ETFs for XRP and Litecoin in October. The proposed ETF will track the price of Solana's token (SOL) through the Chicago Mercantile Exchange CF Solana index, providing investors with a regulated way to gain exposure to the Solana market without directly purchasing SOL. This move comes as Solana aims for SEC approval for a spot ETF, joining Bitcoin and Ether in this initiative. Other asset managers have also filed for similar ETFs, indicating growing interest in Solana as an investment vehicle. However, specifics regarding the custodian and ticker for the ETF remain undisclosed. The filing aligns with Canary's strategy to enhance risk management in crypto investments, spearheaded by its founder, Steven McClurg.

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