SOL ETF Accelerates Again! Canary Updates S-1 File, Three Key Points to Understand the Benefits
The ETF narrative for Solana (SOL) is accelerating! Recently, Canary Capital submitted an updated version of the “Canary Marinade Solana ETF” S-1 application file, which has pushed the institutionalization process of SOL forward. Feige interprets the value from three key perspectives.
1. Progress Enters a Substantial Phase: S-1 Update is a Key Step for Approval
Submitting the updated S-1 file is an important milestone in the ETF approval process — this means that the issuer (Canary Capital) is actively responding to the requirements and feedback of the U.S. SEC, moving beyond the superficial stage of “submitting an application” to genuinely advancing the application, making the possibility of the SOL ETF more clear.
2. “Staking” is the Core Highlight: Enjoy SOL Staking Returns within a Traditional Framework
The uniqueness of this ETF lies in its collaboration with Marinade Finance, incorporating SOL staking into the ETF structure. This is good news for investors: without needing to directly participate in crypto market operations, they can enjoy SOL staking returns by buying this ETF within the framework of traditional finance, lowering the participation threshold.
3. Long-term Positive for SOL Valuation: Attracting Traditional Liquidity, Targeting Institutional-level Assets
If the Solana ETF is ultimately approved, the impact on SOL will be crucial: on one hand, it can bring a significant amount of liquidity from the traditional finance sector to SOL; on the other hand, it will position SOL as another “institutional-level” crypto asset recognized by institutions, following Bitcoin (BTC) and Ethereum (ETH), which will significantly enhance SOL’s valuation in the long run.
In summary, although the SEC has not yet granted final approval, each update of the S-1 file brings the Solana ETF closer to realization. Investors focusing on SOL might consider taking a long-term perspective, emphasizing the tracking of the timing for this “mid-term heavyweight benefit” to be realized, which is very important for SOL’s long-term trend.
