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BTC $67,995.53 +0.62%
ETH $1,998.01 +1.02%
BNB $602.52 -1.66%
XRP $1.39 -0.17%
SOL $81.36 +0.20%
TRX $0.2779 -0.07%
DOGE $0.0939 +0.42%
ADA $0.2659 -0.06%
BCH $534.01 +4.11%
LINK $8.58 +0.79%
HYPE $30.89 -1.53%
AAVE $114.42 +4.69%
SUI $0.9386 +1.18%
XLM $0.1597 -0.90%
ZEC $238.20 +1.10%

canary

Data: Fidelity Solana Fund and Canary Marinade Solana ETF listed, with a total net inflow of 30.09 million USD for the US Solana spot ETF in a single day

On November 18, Eastern Time, the Fidelity Solana Fund (code FSOL) and the Canary Marinade Solana ETF (code SOLC) were officially listed on the NYSE and NASDAQ, respectively. The total number of Solana spot ETFs listed for trading in the U.S. has now reached 5.According to SoSoValue data, yesterday (November 18, Eastern Time), the total net inflow for Solana spot ETFs was $30.09 million. Among them, FSOL had a net inflow of $2.07 million on its first day of listing, with a trading volume of $8.58 million and a total net asset value of $5.38 million.SOLC had no net inflow on its first day of listing, with a trading volume of $130,000 and a total net asset value of $820,000.The highest single-day net inflow was for the Bitwise Solana ETF BSOL, which had a net inflow of $23 million, bringing its historical total net inflow to $388 million.As of the time of publication, the total net asset value of Solana spot ETFs was $594 million, with a Solana net asset ratio of 0.76%, and the historical cumulative net inflow had reached $420 million.The Fidelity Solana Fund supports cash or physical redemption, with a management fee rate of 0.25%. It allows Solana to provide additional income through staking, with a profit-sharing ratio of 15% for the manager and staking provider, and the remaining 15% belonging to investors.The Canary Marinade Solana ETF supports cash or physical redemption, with a management fee rate of 0.50%. It also allows Solana to provide additional income through staking, with the manager not charging any additional share.

Due to the government shutdown, the SEC has failed to make a decision on the Canary spot LTC ETF

ChainCatcher News, the U.S. Securities and Exchange Commission's inaction has left Canary Capital's spot Litecoin exchange-traded fund in limbo. The SEC's silence has left the crypto community uncertain about how the agency will operate during the federal government shutdown and how its new universal listing standards will affect the timeline for dozens of crypto ETF applications awaiting approval.Bloomberg ETF analyst James Seyffart and FOX News reporter Eleanor Terrett noted that the old 19b-4 deadlines for crypto ETF applications may no longer apply, as the SEC has requested applicants to withdraw these deadlines, leaving only the S-1 registration statement as the sole document requiring approval from the regulatory body. In August of this year, the SEC released an action plan in response to the government shutdown, stating that it would no longer review and approve registration applications. This includes new financial products, modifications to self-regulatory organization rules, and the review or acceleration of the effectiveness of registration statements.It remains unclear whether the SEC's silence on Canary's spot Litecoin ETF is solely due to the government shutdown or also a result of the new universal listing standards, which would render the 19b-4 deadlines irrelevant. At the request of the SEC, Canary withdrew its 19b-4 application on September 25, which may be a factor in the SEC's lack of decision. It is currently unclear what impact the 19b-4 application will have on applicants who have not yet withdrawn that document.
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