staked – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Mon, 21 Apr 2025 18:40:26 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 staked – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 ARK adds staked Solana to two tech ETFs https://earlybirdsinvest.com/ark-adds-staked-solana-to-two-tech-etfs/ https://earlybirdsinvest.com/ark-adds-staked-solana-to-two-tech-etfs/#respond Mon, 21 Apr 2025 18:40:25 +0000 https://earlybirdsinvest.com/ark-adds-staked-solana-to-two-tech-etfs/

ARK Invest has added exposure to staked Solana (SOL) to the portfolios of two of its exchange-traded funds (ETFs), the asset manager said in a client email reviewed by Cointelegraph. 

As of April 21, the two ARK funds — ARK Next Generation Internet ETF (ARKW) and ARK Fintech Innovation ETF (ARKF) — now hold shares of 3iQ’s Solana Staking ETF (SOLQ), a Canadian ETF holding staked SOL, ARK said. 

The two ARK funds are designed to offer broad exposure to emerging technologies, and comprise a mix a technology stocks — including crypto-focused companies such as Coinbase, Block, and Robinhood — and spot cryptocurrencies, according to ARK’s website.

According to ARK, adding the SOL ETF shares makes “ARKW and ARKF the first US-listed ETFs to gain exposure to Solana.”

In March, asset manager Volatility Shares launched two ETFs that offer exposure to SOL using financial derivatives, but spot Solana ETFs are still awaiting approval by US regulators.

ARKW’s fund holdings. Source: ARK Invest

Related: Spot Solana ETFs to launch in Canada this week

Solana ETFs’ proposals line up for approval

Experts say the recent listing of Solana futures on the Chicago Mercantile Exchange (CME), a US derivatives exchange, indicates that US SOL ETF listings are coming soon. 

Last week, 3iQ launched its Solana ETF in Canada following approval of several such funds by the Ontario Securities Commission (OSC), Canada’s largest securities regulator. 

Solana is the second-most popular blockchain network after Ethereum. Its total value locked exceeds $7 billion, versus approximately $45 billion for the Ethereum network, according to data from DefiLlama. 

Blockchain networks by TVL. Source: DeFiLlama

The US Securities and Exchange Commission (SEC) authorized spot Ether ETFs to trade in the United States in July 2024. 

In July, ARK partnered with 21Shares, a crypto-focused fund issuer, to launch ARK 21Shares Bitcoin ETF (ARKB), a spot Bitcoin (BTC) fund with nearly $4 billion in net assets as of April 21, according to ARK’s website

It also partnered with 21Shares on an Ether ETF but dissolved the partnership in June, shortly before the fund launched under 21Shares’ branding. 

Magazine: SCB tips $500K BTC, SEC delays Ether ETF options, and more: Hodler’s Digest, Feb. 23 – March 1

]]> https://earlybirdsinvest.com/ark-adds-staked-solana-to-two-tech-etfs/feed/ 0 32085 Canary files for staked TRX ETF amid ongoing staking discussions in the US https://earlybirdsinvest.com/canary-files-for-staked-trx-etf-amid-ongoing-staking-discussions-in-the-us/ https://earlybirdsinvest.com/canary-files-for-staked-trx-etf-amid-ongoing-staking-discussions-in-the-us/#respond Fri, 18 Apr 2025 21:41:37 +0000 https://earlybirdsinvest.com/canary-files-for-staked-trx-etf-amid-ongoing-staking-discussions-in-the-us/

Canary Capital has filed for a new exchange-traded fund (ETF) with the US Securities and Exchange Commission (SEC), proposing the Canary Staked TRX ETF launch.

According to the S-1 registration statement submitted on April 18, the fund would offer investors exposure to the price movements of TRX while incorporating staking features. The application is pending regulatory approval.

The ETF would hold actual TRX tokens, with custody managed by BitGo Trust Company. Notably, this is the first ETF related to TRX.

The move represents an attempt to expand crypto investment products beyond traditional spot holdings and explore yield-generating features tied to proof-of-stake (PoS) blockchain networks. 

However, staking within US-listed crypto ETFs remains a contested regulatory issue.

Staking inclusion faces regulatory hurdles

While staking is fundamental to the security and operation of PoS networks like Ethereum (ETH) and Tron, the SEC has historically prevented staking from being included in crypto exchange-traded products (ETPs). 

Initial Ethereum ETF proposals included staking features but were later required to remove them during the review process.

The SEC has raised multiple concerns about integrating staking into regulated financial products. These concerns include the redemption timelines that could disrupt the standard T+1 settlement cycle, tax treatment complexities related to staking rewards, and questions about whether staking services could constitute an unregistered securities offering.

Representatives from the crypto industry met with the SEC’s Crypto Task Force on Feb. 5. They presented models to address these concerns, such as using third-party services for staking and liquid staking tokens.

Moreover, Senator Cynthia Lummis and other US senators sent a letter to the SEC in February, requesting clarity on the exclusion of staking and arguing that the current policy disadvantages US asset managers compared to international competitors in Canada, Europe, and the United Kingdom.

However, the SEC has delayed decisions on two major rule changes related to crypto ETPs, including the Grayscale Ethereum Trust’s request to stake a portion of its holdings. Decisions are now expected by June 2025.

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