Introducing SOLC: The Canary Marinade Staked Solana ETF

The Canary Marinade Staked Solana ETF (ticker: SOLC) launches today, creating a new, regulated pathway for both institutional and retail investors to access staked Solana through traditional brokerage channels. Marinade Finance provides institutional-grade staking via Marinade Select, while BitGo serves as the fund’s qualified custodian, securing all Solana held within the ETF.

A Solana ETF Designed to Deliver All Staking Rewards Back to Investors

SOLC is structured to give investors full economic participation in the Solana network. The ETF holds Solana directly and stakes 100% of its assets. Every staking reward earned through this activity flows entirely back into the ETF. No portion of the staking rewards is retained by the manager or intermediaries.

This full pass-through model allows SOLC to reflect the productive nature of Solana more accurately than unstaked or partially staked exposure, while keeping the structure straightforward and transparent.

Institutional Security With BitGo’s Qualified Custody

A regulated Solana ETF requires robust digital asset custody. SOLC uses BitGo Trust to safeguard all Solana holdings. BitGo provides institutional-grade security through multisignature key management, audited operational processes, and state-regulated trust oversight.

With more than a decade of experience, BitGo’s infrastructure helps ensure the ETF’s Solana remains secure throughout the staking and delegation lifecycle, meeting the compliance requirements of sophisticated investors.

SOC 2–Compliant Staking Through Marinade Select for Maximum Decentralization

SOLC stakes its Solana holdings through Marinade Select, Marinade’s SOC 2 Type 1–compliant institutional staking program. Marinade Select offers audited security practices, operational transparency, and monitored delegation pipelines, making it suitable for financial institutions that require clear controls.

Marinade Select also contributes to Solana’s decentralization. The program distributes stake across a wide range of independent validators using a performance- and decentralization-aware methodology. This reduces concentration risk, supports network resilience, and aligns SOLC with Solana’s long-term health.

Why Fully Staked Solana Exposure Benefits Investors

Solana is a high-performance blockchain with growing adoption in payments, finance, consumer applications, and on-chain computation. Staking is central to the network’s economics and security.

By staking all its Solana and passing all rewards back to the fund, SOLC offers investors:

exposure to Solana’s price
participation in protocol-level staking rewards
alignment with how long-term Solana holders manage their assets
a simpler, regulated way to access staked Solana without self-custody

This combination reflects a more complete form of Solana exposure for institutions and retail investors alike.

Advancing Solana’s Integration Into Traditional Markets

The launch of SOLC represents a meaningful expansion of Solana’s institutional accessibility. Through regulated brokerage access, BitGo’s custodial infrastructure, full staking reward pass-through, and Marinade Select’s SOC 2–compliant delegation, the Canary Marinade Staked Solana ETF provides a clear, professionally managed path for gaining exposure to staked Solana.