Canary Capital is inching closer to getting the U.S. Securities and Exchange Commission’s sign-off as it moves to update two of its registration statements for XRP and SOL exchange-traded funds.
The firm filed those changes on Friday for the Canary Marinade SOL ETF, which includes stalking, and for its Canary XRP ETF. In both, Canary disclosed a 0.50% fee. The firm previously designated a 0.95% sponsor fee for its HBAR and Litecoin ETFs.
“Canary just filed Amendment #6 (that’s how close we are) for their spot Solana ETF w/ a 0.50% expense ratio but NO CUT of the Solana staking rewards,” said Bloomberg Senior ETF analyst Eric Balchunas on Friday in a post on X. Earlier this week, Bitwise set a 0.20% fee for its Solana staking ETF.
Several firms are awaiting the SEC’s approval for their proposed crypto ETFs, which include ones tracking DOGE and LTC. Those firms filed for the funds over the past year amid an incoming friendlier administration. President Donald Trump tapped crypto-friendly regulator Paul Atkins to lead the SEC, whereafter the agency has since taken steps toward providing clarity for digital assets as well as approving listing standards for certain ETFs.
The new listing standards set out specific requirements to have certain shares listed on their exchanges. The approval means that dozens of crypto ETF applications could go live soon, without needing to go through the 19b-4 process; therefore, it pivotally reduces the timeline for those funds to begin trading.
Deadlines tied to the 19b-4 process for crypto ETFs have since come and gone for crypto ETFs, including ones tracking SOL and LTC, following the U.S. government shutdown last week. It’s unclear how, when the government reopens, the SEC will proceed with the crypto ETF proposals. One source told The Block last week that the agency could batch single-product crypto ETFs together this month and into November.
The emphasis is now on the registration statements, and those do not have any imposed timelines, one of the sources said.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
