Canary Capital Proposes 0.50% Fee for Solana Spot ETF Filing with SEC

Canary Capital Group LLC has updated its S-1 application to the Securities and Exchange Commission (SEC) for a spot Solana ETF, proposing a fee rate of 0.50%. This update could allow investors easier access to Solana’s price movements while participating in its proof-of-stake validation process. The proposed ETF, if listed on the Cboe BZX Exchange, is expected to impact both spot and derivatives markets for SOL. Potential impacts include increased liquidity and greater price transparency on exchange platforms.