Home Canary Awaits SEC Greenlight On XRP & Solana ETFs Amid Shutdown

Canary Awaits SEC Greenlight On XRP & Solana ETFs Amid Shutdown

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Canary Awaits SEC Greenlight On XRP & Solana ETFs Amid Shutdown | 3.0 TV (3versetv)
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Canary Capital is edging closer to the U.S. Securities and Exchange Commission (SEC) approval for its XRP and Solana (SOL) exchange-traded funds after filing updated registration statements on Friday.

The firm disclosed a 0.50% sponsor fee for both the Canary XRP ETF and the Canary Marinade SOL ETF, a reduction from the 0.95% set for its earlier HBAR and Litecoin products.

Bloomberg ETF analyst Eric Balchunas noted that Canary’s Solana ETF includes staking but won’t distribute staking rewards, signaling final preparations for approval.

However, the U.S. government shutdown has disrupted that momentum. The SEC missed its October 2 deadline for Canary’s Litecoin ETF decision, and while the agency’s new S-1 framework removes strict timelines, it also adds uncertainty.

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Written by
Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

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