Canary Marinade Staked Solana ETF

The Canary Marinade Staked Solana ETF is a digital asset exchange-traded fund designed to offer regulated, transparent exposure to Solana, a leading high-throughput blockchain. Its primary purpose is to provide both institutional and retail investors with the ability to access the price movement of Solana while also participating in the network’s staking rewards—an essential mechanism that secures the Solana blockchain and offers additional yield for token holders. The fund achieves this by holding Solana directly and staking 100% of its assets via Marinade Select, a SOC 2–compliant institutional staking platform, ensuring robust security and operational transparency. Custody of all digital assets is managed by BitGo Trust, known for its institutional-grade security infrastructure. The full pass-through model means that all staking rewards, after minimal validator fees, are returned to the fund, enabling shareholders to benefit from both price appreciation and proof-of-stake rewards without managing their own wallets or nodes. The ETF aligns closely with the evolving landscape of digital asset investment, bridging the gap between decentralized blockchain participation and traditional financial market access, and contributes to the ongoing decentralization and resilience of the Solana ecosystem.