• Canary Capital has amended its Solana ETF utility to incorporate staking by means of marinade finance.
• The SEC postponed the Solana ETF determination and prolonged the evaluation in late 2025.
• Polymarket Merchants exhibits 82% confidence in ETF approval by the tip of 2025.

On Could 21, 2025, Canary Capital filed an amended S-1 registration assertion with the U.S. Securities and Alternate Fee (SEC) for the proposed Spot Solana (SOL) Alternate-Traded Fund (ETF).

The up to date submitting introduces a partnership with Marinade Finance, permitting the fund to include Sol Staking into its construction. The aim of this integration is to offer traders with publicity to each Solana worth actions and rewards by means of regulated funding devices.

Canary Capital provides marinesol staking to up to date Solana ETF submitting

At present renamed the “Canary Marane Solana ETF”, the ETF will make the most of Marinade’s liquid staking protocol. Relying on the fund’s tips, compensation staking could also be reinvested or distributed to shareholders.

This growth is in keeping with comparable initiatives by different asset managers in search of SEC approval to incorporate staking capabilities in crypto-based ETFs.

SEC delays selections on Solana ETF functions

Regardless of up to date filings for Canary Capital, the SEC has postponed selections on a number of Solana ETF proposals, together with these from Canary Capital, 21shares, Bitwise, Vaneck and Constancy. The committee centered on considerations about market manipulation and investor safety, citing the necessity for extra time to contemplate authorized and coverage points associated to those functions. As a part of this course of, the SEC has launched a proper course of and has launched a public remark interval to assemble additional data concerning adjustments to the proposed guidelines.

The delay affected the rising listing of Solana-related ETF proposals, and the evaluation interval was expanded in late 2025. Such procedural strikes are usually not completely rejected, however usually inform regulatory hesitations and suggest a long-term analysis course of earlier than the product is authorized.

Solana ETF approval prospects: Not possible earlier than the fourth quarter, analysts say

SEC’s cautious method to crypto-based ETFs past Bitcoin and Ethereum displays the continued regulatory uncertainty surrounding Solana. Analysts counsel {that a} last determination on the Solana ETF is unlikely by the fourth quarter of 2025. Regardless of these regulatory hurdles, some market contributors stay optimistic.

Forecast markets like Polymarket present that there’s an 82% probability that Solana ETF will likely be authorized by the tip of 2025. As proven within the chart, this determine displays an 8% enhance within the chance of some weeks. Regardless of volatility from April to early Could, the market has virtually surpassed 75% since early February.

Present forecasts are primarily based on buying and selling volumes above $145,000, indicating lively market involvement. Polymarket’s forecast is in keeping with the broader expectations that any determination is more likely to happen within the fourth quarter of 2025, regardless of the SEC persevering with to delay ETF rulings.