In a major win for crypto investors, Canary Capital has registered the Canary Marinade Solana ETF in Delaware, becoming the first U.S. exchange-traded fund to offer staking rewards for Solana.
This exciting move, announced on June 10, 2025, brings a fresh way for people to invest in Solana, a fast-growing blockchain worth $90 billion, while earning extra income through staking.
The ETF, outlined in a new SEC filing, teams up with Marinade Finance to manage staking. Solana’s system lets people “lock” their SOL tokens to help run the blockchain and get paid for it.
Marinade’s platform is 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.
With Solana’s price at $158, up 4% in the last day, this ETF makes investing easy, skipping the need for complex crypto wallets. The SEC is currently looking over Canary Capital’s filing for the Canary Marinade Solana ETF, and experts think there’s an 82% chance it’ll get the green light by the end of 2025.
This optimism comes from Solana being seen as a commodity and having an established futures market. However, the SEC has delayed decisions on other Solana ETFs, setting a final deadline for October 10, 2025.
This ETF could be a game-changer, making it easier for everyday investors to get into Solana while earning staking rewards. People are excited to see if this fund, which combines price growth with extra income, will become a new model for crypto investments.
Also Read: SEC Continued Probing Ethereum Even After ETH ETF Approval: Coinbase
