Right then, what ho! It appears that those chaps at Canary Capital, bless their cotton socks, have registered something called the Canary Marinade Solana ETF in Delaware. One gathers this is a jolly good show for crypto investors, though quite what they’ll make of it all is anyone’s guess. 🤔
This thrilling development, announced on June 10, 2025 – a date which, I daresay, will live in infamy amongst the financially inclined – offers a novel method for investing in Solana. Apparently, it’s a blockchain thingy worth a cool $90 billion. One can also earn extra spondoolicks through staking, which sounds suspiciously like gambling but is probably frightfully modern. 🤷♂️
🚨BREAKING: Our staked SOL ETF with @CanaryFunds has been registered in Delaware
ETF Season Loading… 🟩🟩⬛️⬛️⬛️
— Marinade 🛡️ (@MarinadeFinance) June 9, 2025
The ETF, as outlined in a new SEC filing (which sounds about as thrilling as a wet weekend in Worthing), teams up with Marinade Finance to manage this staking lark. Solana’s system, you see, allows one to “lock” their SOL tokens – tokens, mark you! – to help run the blockchain and get paid for the privilege. It’s all frightfully complicated, but one assumes someone understands it. 🤓
Marinade’s platform is, allegedly, super secure, working with 30-40 trusted validators and following tough SOC 2 rules. So, investors’ money stays safe without being directly controlled by the ETF. One can only hope they know what they’re doing, what? 🤞
With Solana’s price currently hovering around $158, up a trifling 4% in the last day, this ETF makes investing a doddle, skipping the need for those beastly complex crypto wallets. The SEC is currently casting a beady eye over Canary Capital’s filing, and experts reckon there’s an 82% chance it’ll get the thumbs-up by the end of 2025. Good heavens! 😲
This optimism stems from Solana being viewed as a commodity and having an established futures market. However, the SEC has, in its infinite wisdom, delayed decisions on other Solana ETFs, setting a final deadline for October 10, 2025. One holds one’s breath. 😮💨
This ETF could be a game-changer, making it easier for the common man to get into Solana while earning staking rewards. The chaps are positively buzzing to see if this fund, which combines price growth with extra income, will become a new model for crypto investments. Fingers crossed, what! 🤩
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2025-06-10 13:25