Canary Capital Launches Canary Marinade Solana ETF (SOLC)

SOLC provides a cost-effective and hands-off way to access price appreciation and staking potential, unlocking a new yield-distributing strategy for a modern portfolio

Brentwood, TN – (November 18, 2025) – Canary Capital Group LLC (“Canary Capital”), a digital asset investment management firm, today announced the launch of the Canary Marinade Solana ETF (NASDAQ: SOLC), an exchange-traded product designed to provide investors with spot exposure to Solana (SOL) the native cryptocurrency behind one of the world’s fastest growing and most utilized blockchains. 

Beyond the potential for price appreciation of SOL, the Canary Marinade Solana ETF also enables investors to potentially benefit from staking rewards generated through Solana’s proof-of-stake mechanism. In simple terms, staking rewards are payments earned for helping to run and secure the Solana network, somewhat like earning interest for keeping money in a savings account, though the amount can vary. Staking not only provides the opportunity to earn additional SOL but also strengthens the Solana network itself by supporting its security and decentralization. 

As one of the most important blockchains in today’s digital asset landscape, Solana powers a rapidly expanding ecosystem of decentralized finance (DeFi), consumer, and enterprise applications offering the speed and scalability that many believe will define the next wave of blockchain innovation.

“To us, Solana represents what’s next for blockchain adoption: speed, efficiency, and a thriving community of retail and institutional participants,” said Steven McClurg, CEO at Canary Capital. “The Canary Marinade Solana ETF brings that innovation into a structure investors can access seamlessly while also potentially benefiting from the newest innovation in this convergence of traditional finance and crypto: staking. It’s about giving people access to the next frontier of digital assets with strong partners.”

The ETF’s staking operations will be exclusively powered by Marinade Select, a high-efficiency staking platform built by Marinade Labs, the creators of Solana’s largest and most widely used staking protocol. Marinade Select’s curated validator set is designed to deliver reliable performance while maintaining decentralization and transparency. 

“Partnering with Canary to power this ETP marks a major step in making sophisticated staking mainstream,” said Michael Repetný, CEO at Marinade Labs. “We’re proud to continue to bridge the potential of staking with compliance and trust, critical components for greater institutional participation.”

With the launch of the Canary Marinade Solana ETF, Canary Capital continues its mission to make digital asset investing simple, secure, and accessible. Learn more here.

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Contacts‍

Media

Trevor Davis

Gregory FCA for Canary Capital

215-475-5931

[email protected]

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Investor Relations

Amber Reedy

Canary Capital 

[email protected] 

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Disclosures

Investing Involves Significant Risk. The loss of principal is possible. Canary SOL ETF (the “Fund”) may not be suitable for all investors. This press release does not constitute a recommendation of any investment strategy or product for a particular investor. Investors should consult a financial advisor/financial consultant before making any investment decisions.

The Fund’s investment objectives, risks, charges and expenses should be considered before investing. The prospectus contains this and other important information, and it may be obtained at https://canaryetfs.com/SOLC/prospectus/. Read it carefully before investing.

The Fund is not a registered commodity pool or an investment company registered under the Investment Company Act of 1940. Shares of the Fund are not subject to the same regulatory requirements as mutual funds. These investments are not suitable for all investors. Funds focusing on a single asset generally experience greater volatility. Please ask your financial advisor for more information about these risks. Digital assets, such as SOL, are a relatively new asset class, and the market for digital assets is subject to rapid changes and uncertainty. Digital assets are largely unregulated and digital asset investments may be more susceptible to fraud and manipulation than more regulated investments.

SOL is subject to unique and substantial risks, including significant price volatility and lack of liquidity, and theft. The value of an investment in the Fund could decline significantly and without warning, including to zero. SOL is subject to rapid price swings, including as a result of actions and statements by influencers and the media, changes in the supply of and demand for digital assets, and other factors. There is no assurance that SOL will maintain its value over the long-term.

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Fund Risks

‍Failure by the Fund’s Custodians to exercise due care in the safekeeping of the Fund’s SOL could result in a loss to the Fund. Investors cannot be assured that the Custodians will maintain adequate insurance with respect to the SOL held by the Custodians on behalf of the Fund to cover such losses.‍

The Fund is new with a limited operating history. The Fund is not actively managed and will not take any actions to take advantage, or mitigate the impacts, of volatility in the price of SOL.

‍An investment in the Fund is not a direct investment in SOL.‍

Investors will not have any rights that SOL holders have and will not have the right to receive any redemption proceeds in SOL. 

Shares of the Fund are generally bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Only Authorized Participants may trade directly with the Fund and only large blocks of Shares called “creation units.” Your brokerage commissions will reduce returns.

The amount of SOL represented by shares of the Fund will decrease over the life of the Fund due to sales of SOL necessary to pay the sponsor’s fee and fund expenses. Without increases in the price of SOL sufficient to compensate for that decrease, the price of the shares will also decline, and investors will lose money on their investment. The liquidation of the Fund may occur at a time when the disposition of the Fund’s SOL will result in losses to investors.

Staking rewards generated by the Trust’s staking program will be subject to fees shared among the Staking Provider and its network of validators. The amounts owed or paid to the Staking Provider and its network of validators are collectively referred to as the “Staking Fees.” The Staking Fees will reduce the amount of SOL rewards that are generated from the Trust’s staking program that are received by the Trust.

Staking activity comes with a risk of loss of SOL. None of the Fund’s assets, including any staked assets, are subject to the protections enjoyed by depositors with Federal Deposit Insurance Corporation (“FDIC”) or SIPC member institutions. The staked assets may also be subject to “slashing” penalties. Slashings occur when a validator attests to two different histories of the chain and penalties occur when a validator is offline for a prolonged period of time. The Fund itself will not engage in staking activities, including the operation of a validator node. 

Instead, the staking program will be operated through the Fund’s service providers, including the Custodian and Marinade Select (the Fund’s initial “Staking Provider”). In combination, they deter malicious validators from attacking blockchains and ensure consistent participation of validators to maintain network stability. While the Sponsor does not expect the activities of the Staking Provider to result in slashing penalties, there can be no guarantee that slashing penalties will not occur. Furthermore, the Custodian’s liability to the Fund for the actions of the Staking Provider is limited, and the Custodian may lack the assets or insurance in order to support the recovery of any losses incurred. Accordingly, there can be no guarantee that the Fund would recover any of its staked assets, or the value thereof, if it is subject to slashing or penalties.

The Fund’s Marketing Agent is Paralel Distributors LLC which is not affiliated with Canary Capital Group LLC or its affiliates.