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SEC Postpones decision on Solana ETF: what's next?
Recently, the U.S. Securities and Exchange Commission (SEC) announced that it would postpone a decision on applications for two Solana—related cryptocurrency ETFs from 21Shares and Bitwise. In this process, the regulator invited the public to actively participate, which opens up new horizons for discussion and possibly even changes in the terms of regulation of cryptocurrencies.
The SEC has begun considering an application to create an ETF that will include Solana, called the 21Shares Core Solana ETF and the Bitwise Solana ETF. This is another step in the growing number of applications for cryptocurrency products that have attracted the interest of financial players and investors around the world. The SEC explained that at the moment they have not reached final conclusions, but have just started the trial process. It is important that they invite all interested parties to make their comments and suggestions regarding future changes to the rules.
Why is the SEC delaying the decision?
Cryptocurrency exchange—traded funds (ETFs) are investment products that will allow investors to buy and sell assets linked to popular cryptocurrencies without owning them directly. ETFs can become a serious tool in financial markets, especially for assets like Solana. This attracts the attention of large investors and regulators, as they can affect the volatility of the cryptocurrency market.
The SEC is already reviewing more than 70 applications for cryptocurrency ETFs, which shows how important these products have become. 21Shares and Bitwise, in particular, are expanding their offerings to include cryptocurrencies such as Solana, Dogecoin, XRP and Polkadot in their applications. However, this process is far from simple and requires time to thoroughly check all the factors.
What will all this lead to?
Apparently, the SEC focuses on the most transparent approach and opens the door to public discussions. This provides an opportunity for investors and regulators to analyze how changes in the rules may affect the market. At the same time, cryptocurrency ETFs for bitcoin and ethereum are already actively operating in the financial markets, but assets such as Solana have yet to be thoroughly studied.
In addition, an interesting trend has been observed in recent weeks: against the background of the growth of cryptocurrency ETFs in the United States, there has been an influx of funds into cryptocurrency products, which confirms the general interest of investors. For example, over the past week, $785 million has been invested in cryptocurrency ETPs, and this continues to be an increasing trend in 2025.
Backfilling question
If the SEC does approve cryptocurrency ETFs for Solana, do you think this will lead to an increase in interest in this cryptocurrency from large investors?
#SEC #solana #SolanaETF #CryptoNewss
The SEC has begun considering an application to create an ETF that will include Solana, called the 21Shares Core Solana ETF and the Bitwise Solana ETF. This is another step in the growing number of applications for cryptocurrency products that have attracted the interest of financial players and investors around the world. The SEC explained that at the moment they have not reached final conclusions, but have just started the trial process. It is important that they invite all interested parties to make their comments and suggestions regarding future changes to the rules.
Why is the SEC delaying the decision?
Cryptocurrency exchange—traded funds (ETFs) are investment products that will allow investors to buy and sell assets linked to popular cryptocurrencies without owning them directly. ETFs can become a serious tool in financial markets, especially for assets like Solana. This attracts the attention of large investors and regulators, as they can affect the volatility of the cryptocurrency market.
The SEC is already reviewing more than 70 applications for cryptocurrency ETFs, which shows how important these products have become. 21Shares and Bitwise, in particular, are expanding their offerings to include cryptocurrencies such as Solana, Dogecoin, XRP and Polkadot in their applications. However, this process is far from simple and requires time to thoroughly check all the factors.
What will all this lead to?
Apparently, the SEC focuses on the most transparent approach and opens the door to public discussions. This provides an opportunity for investors and regulators to analyze how changes in the rules may affect the market. At the same time, cryptocurrency ETFs for bitcoin and ethereum are already actively operating in the financial markets, but assets such as Solana have yet to be thoroughly studied.
In addition, an interesting trend has been observed in recent weeks: against the background of the growth of cryptocurrency ETFs in the United States, there has been an influx of funds into cryptocurrency products, which confirms the general interest of investors. For example, over the past week, $785 million has been invested in cryptocurrency ETPs, and this continues to be an increasing trend in 2025.
Backfilling question
If the SEC does approve cryptocurrency ETFs for Solana, do you think this will lead to an increase in interest in this cryptocurrency from large investors?
#SEC #solana #SolanaETF #CryptoNewss
SEC Pushes Back Solana ETF Decisions, Signals Regulatory Uncertainty Despite Crypto Momentum
The U.S. Securities and Exchange Commission (SEC) has officially delayed its decision on multiple Solana-based exchange-traded fund (ETF) proposals, including applications from 21Shares, Bitwise Asset Management, VanEck, and Canary Capital, according to regulatory filings released Monday. Citing the need for additional time to evaluate legal and policy implications, the Commission extended the review period without indicating whether the outcome would be favorable or not. “Institution of proceedings does not indicate that the Commission has reached any conclusions concerning any of the issues involved,” the SEC noted in its statement, adding that it welcomes public comments on the proposed rule changes.
Crypto Market Watches Closely as SEC Stalls ETF Progress
This delay comes as the SEC faces mounting pressure to clarify its stance on digital asset ETFs amid growing institutional demand and rising political support for crypto innovation. The filings from major asset managers aim to bring Solana (SOL) exposure to mainstream investors through regulated, exchange-traded products.
The postponed decisions reflect the SEC’s cautious approach, even as optimism had surged after U.S. President Donald Trump’s pro-crypto administration began taking shape. Since his election last November, the industry has expected faster ETF approvals, with regulatory overhaul and the appointment of crypto-friendly officials in key positions.
However, these recent delays signal that optimism may need to be tempered.
Bitwise: Market Should Temper ETF Approval Expectations
Juan Leon, CFA at Bitwise Asset Management, told Decrypt that while the industry has moved swiftly in submitting proposals, the regulatory machine works much slower.
“People were expecting the Commission to just green light everything as soon as the applications got put in, but that isn’t how the process works,” said Leon. “These are bureaucratic agencies, and it takes time.”
Still, Leon believes the current moment is pivotal. “There is undoubtedly room for disappointment in the market,” he said. “But I think we're seeing an inflection point in the regulatory race, and we’re going to see many more products come to market over the next year or two.”
ETF Boom Looms—but Not Without Patience
As of now, the SEC is not only reviewing Solana ETF proposals but is also sorting through a flurry of filings for ETFs based on a range of digital assets, including Dogecoin, Bonk, Official Trump meme coin, NFT-themed products like Pudgy Penguins, and blue-chip cryptos such as Ethereum and Bitcoin.
Though the crypto sector has made progress in winning legitimacy, the wait for formal approval continues, underscoring the slow but steady nature of regulatory evolution in the United States.
The post appeared first on CryptosNewss.com
#SEC #SolanaETF $SOL
Crypto Market Watches Closely as SEC Stalls ETF Progress
This delay comes as the SEC faces mounting pressure to clarify its stance on digital asset ETFs amid growing institutional demand and rising political support for crypto innovation. The filings from major asset managers aim to bring Solana (SOL) exposure to mainstream investors through regulated, exchange-traded products.
The postponed decisions reflect the SEC’s cautious approach, even as optimism had surged after U.S. President Donald Trump’s pro-crypto administration began taking shape. Since his election last November, the industry has expected faster ETF approvals, with regulatory overhaul and the appointment of crypto-friendly officials in key positions.
However, these recent delays signal that optimism may need to be tempered.
Bitwise: Market Should Temper ETF Approval Expectations
Juan Leon, CFA at Bitwise Asset Management, told Decrypt that while the industry has moved swiftly in submitting proposals, the regulatory machine works much slower.
“People were expecting the Commission to just green light everything as soon as the applications got put in, but that isn’t how the process works,” said Leon. “These are bureaucratic agencies, and it takes time.”
Still, Leon believes the current moment is pivotal. “There is undoubtedly room for disappointment in the market,” he said. “But I think we're seeing an inflection point in the regulatory race, and we’re going to see many more products come to market over the next year or two.”
ETF Boom Looms—but Not Without Patience
As of now, the SEC is not only reviewing Solana ETF proposals but is also sorting through a flurry of filings for ETFs based on a range of digital assets, including Dogecoin, Bonk, Official Trump meme coin, NFT-themed products like Pudgy Penguins, and blue-chip cryptos such as Ethereum and Bitcoin.
Though the crypto sector has made progress in winning legitimacy, the wait for formal approval continues, underscoring the slow but steady nature of regulatory evolution in the United States.
The post appeared first on CryptosNewss.com
#SEC #SolanaETF $SOL
📣 The US Securities and Exchange Commission postpones its decision on the Solana ETF
🏛 The SEC has requested more time to decide on the Solana fund application submitted by Bitwise,21Shares,and Fidelity.
📌 It also postpones its decision on the VanEck Spot Solana ETF.
#Spot #SolanaETF #SEC
🏛 The SEC has requested more time to decide on the Solana fund application submitted by Bitwise,21Shares,and Fidelity.
📌 It also postpones its decision on the VanEck Spot Solana ETF.
#Spot #SolanaETF #SEC
📊 LATEST: SUI $SUI leads all blockchains in stablecoin inflows over the past 24hrs with $83.4M pouring into its ecosystem.
#SUI🔥 #SolanaETF #MicroStrategy #CMC Quest: Earn Rewards# $SUI
#SUI🔥 #SolanaETF #MicroStrategy #CMC Quest: Earn Rewards# $SUI
🚨🇺🇸#AGAIN THE SEC HAS #DELAYED DECISION ON 21SHARES, BITWISE, VANECK AND CANARY CAPITAL SPOT #SOLANAETF PROPOSAL.$SOL
Solana’s 2025 Breakout: Key Levels and Catalysts to Watch:
Technical Analysis: Critical Support and Resistance
Solana () is trading at $173, down 3% in 24 hours after a rally toward $180–$185 resistance. Hourly charts show a tug-of-war between bulls and bears, with key support at $170 (100 SMA) and resistance near $175. A break below $168 could trigger a drop to $160, but holding above the 200-hour SMA ($165) may signal a rebound. On the daily chart, SOL reclaimed the 50-day and 100-day moving averages, with the 200-day SMA ($181) as the next hurdle. Fibonacci retracement levels suggest a bounce from $165–$170 could propel SOL toward $190–$200 .
Institutional Momentum and Catalysts
Analysts highlight Solana’s ecosystem growth, with DeFi and NFT adoption driving bullish sentiment. Institutional holdings surged 200% in 2025, and ETF speculation remains a key catalyst, with predictions of SOL reaching $400–$500 if approved . Competitors like Ethereum face pressure as Solana’s low fees and speed attract developers, positioning it as a top Layer-1 contender .
Price Outlook: Bullish Targets vs. Risks
Short-term, SOL may oscillate between $165 and $181. A breakout above $181 could test $200 this month, aligning with expert forecasts of $400+ in 2025 . However, failure to hold $165 risks a dip to $150. Long-term, analysts like Raoul Pal predict a 20x rally, targeting $1,351 by 2030 .
Conclusion: Solana’s pullback appears corrective, not bearish. Watch for ETF news and technical breaks to confirm a rally toward $200–$500.
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.
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#solana #SolanaETF #InstitutionalCrypto #Breakout
Solana () is trading at $173, down 3% in 24 hours after a rally toward $180–$185 resistance. Hourly charts show a tug-of-war between bulls and bears, with key support at $170 (100 SMA) and resistance near $175. A break below $168 could trigger a drop to $160, but holding above the 200-hour SMA ($165) may signal a rebound. On the daily chart, SOL reclaimed the 50-day and 100-day moving averages, with the 200-day SMA ($181) as the next hurdle. Fibonacci retracement levels suggest a bounce from $165–$170 could propel SOL toward $190–$200 .
Institutional Momentum and Catalysts
Analysts highlight Solana’s ecosystem growth, with DeFi and NFT adoption driving bullish sentiment. Institutional holdings surged 200% in 2025, and ETF speculation remains a key catalyst, with predictions of SOL reaching $400–$500 if approved . Competitors like Ethereum face pressure as Solana’s low fees and speed attract developers, positioning it as a top Layer-1 contender .
Price Outlook: Bullish Targets vs. Risks
Short-term, SOL may oscillate between $165 and $181. A breakout above $181 could test $200 this month, aligning with expert forecasts of $400+ in 2025 . However, failure to hold $165 risks a dip to $150. Long-term, analysts like Raoul Pal predict a 20x rally, targeting $1,351 by 2030 .
Conclusion: Solana’s pullback appears corrective, not bearish. Watch for ETF news and technical breaks to confirm a rally toward $200–$500.
.
.
.
#solana #SolanaETF #InstitutionalCrypto #Breakout
🚨 SEC Delays Grayscale’s Solana ETF Decision
The SEC has postponed its decision on #Grayscale ’s #SolanaETF to assess investor protection and market integrity. If approved, the trust will hold $SOL and trade on NYSE Arca.
This delay mirrors regulatory caution, with similar decisions on Grayscale’s Litecoin Trust and public comment periods for BlackRock’s Bitcoin ETF and 21Shares’ Dogecoin ETF.
The SEC has postponed its decision on #Grayscale ’s #SolanaETF to assess investor protection and market integrity. If approved, the trust will hold $SOL and trade on NYSE Arca.
This delay mirrors regulatory caution, with similar decisions on Grayscale’s Litecoin Trust and public comment periods for BlackRock’s Bitcoin ETF and 21Shares’ Dogecoin ETF.
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SEC postpones approval of Solana and Litecoin again, but why is the market "quiet"?
The U.S. Securities and Exchange Commission (SEC) recently postponed the approval of Solana and Litecoin ETFs submitted by Grayscale Investments again. This decision continues the agency's consistent cautious attitude towards cryptocurrency ETFs.
It is interesting to note that the market reacted relatively calmly to this. The prices of the two major tokens remained basically stable during this period, and did not fluctuate as expected. This abnormal calmness may imply that investors still have strong confidence in the final approval.
In the past few weeks, the SEC has been delaying cryptocurrency ETF applications, but delays do not necessarily mean rejections. The committee specifically stated in the document that this move is intended to collect more industry opinions rather than make a final conclusion. Market sentiment seems to confirm this statement. Just last week, after the news of the postponement of Litecoin ETF was announced, its price did not fall but rose, breaking the generally bearish market expectations.
It is particularly noteworthy that BlackRock, the world's largest asset management company, is still in close communication with the SEC on the ETF regulatory framework recently. This continuous interaction also makes analysts optimistic about the long-term approval prospects.
Despite the delay in ETF approval, the cryptocurrency industry still maintains a strong development momentum. Market participants have also gradually realized that the profitability of digital assets does not completely rely on the recognition of traditional financial instruments. As shown by the rapid adjustment of market expectations for interest rate cuts last week, cryptocurrencies seem to have established a relatively independent value system.
In short, the SEC's caution may temporarily delay the pace of the passage of copycat ETFs, but the wave of integration of blockchain and traditional finance is unstoppable. This deep-level industry change will surely break through the limitations of short-term supervision and create a new future for the digital asset industry.
What do you think of this wave of "delayed but not falling" market? Is it time to re-evaluate your crypto asset allocation strategy? Welcome to share your insights in the comment section!
#SEC #ETF申请延迟 #SolanaETF #莱特币ETF
The U.S. Securities and Exchange Commission (SEC) recently postponed the approval of Solana and Litecoin ETFs submitted by Grayscale Investments again. This decision continues the agency's consistent cautious attitude towards cryptocurrency ETFs.
It is interesting to note that the market reacted relatively calmly to this. The prices of the two major tokens remained basically stable during this period, and did not fluctuate as expected. This abnormal calmness may imply that investors still have strong confidence in the final approval.
In the past few weeks, the SEC has been delaying cryptocurrency ETF applications, but delays do not necessarily mean rejections. The committee specifically stated in the document that this move is intended to collect more industry opinions rather than make a final conclusion. Market sentiment seems to confirm this statement. Just last week, after the news of the postponement of Litecoin ETF was announced, its price did not fall but rose, breaking the generally bearish market expectations.
It is particularly noteworthy that BlackRock, the world's largest asset management company, is still in close communication with the SEC on the ETF regulatory framework recently. This continuous interaction also makes analysts optimistic about the long-term approval prospects.
Despite the delay in ETF approval, the cryptocurrency industry still maintains a strong development momentum. Market participants have also gradually realized that the profitability of digital assets does not completely rely on the recognition of traditional financial instruments. As shown by the rapid adjustment of market expectations for interest rate cuts last week, cryptocurrencies seem to have established a relatively independent value system.
In short, the SEC's caution may temporarily delay the pace of the passage of copycat ETFs, but the wave of integration of blockchain and traditional finance is unstoppable. This deep-level industry change will surely break through the limitations of short-term supervision and create a new future for the digital asset industry.
What do you think of this wave of "delayed but not falling" market? Is it time to re-evaluate your crypto asset allocation strategy? Welcome to share your insights in the comment section!
#SEC #ETF申请延迟 #SolanaETF #莱特币ETF
🚨 #SEC delays #SolanaETF decision until Oct 2025, but investors remain bullish.
📈 Prediction markets show 82% odds of approval this year, with hopes high for broader crypto ETF momentum.
A $SOL ETF could unlock billions in institutional inflows, echoing $BTC 's ETF-fueled surge.
📈 Prediction markets show 82% odds of approval this year, with hopes high for broader crypto ETF momentum.
A $SOL ETF could unlock billions in institutional inflows, echoing $BTC 's ETF-fueled surge.
Fidelity’s Big Crypto Move: Spot Solana ETF Filing Shakes Up the USA!
Crypto fans, hold onto your hats—big news just hit the wire on March 25, 2025! Fidelity Investments, a financial titan managing over $800 billion in assets, has officially filed for a spot Solana ETF with the Chicago Board Options Exchange (CBOE). That’s right—the same crew that brought us successful Bitcoin and Ethereum ETFs is now eyeing Solana, the high-speed blockchain darling!
This filing isn’t just a blip—it’s a seismic shift. With Solana’s price hovering around $130-$140 today (up slightly in the last 24 hours), this move could turbocharge its mainstream appeal. Fidelity’s already a crypto ETF champ, with its Bitcoin ETF (FBTC) raking in over $16 billion in assets. Now, they’re betting on SOL to join the party, giving everyday investors a shot at Solana without the wallet hassle.
The buzz on X is wild—folks are calling it a “game-changer” for institutional adoption. If the SEC greenlights this, expect a flood of cash into Solana, maybe even pushing it toward that $200+ dreamland analysts are whispering about. With Fidelity’s $5.9 trillion total AUM clout, this isn’t just hype—it’s a power play.
What’s your vibe on this? Are you Team SOL now? Drop your thoughts below and let’s ride this wave together! #Fidelity #SolanaETF #CryptoBoom
$BTC $SOL $ETH
This filing isn’t just a blip—it’s a seismic shift. With Solana’s price hovering around $130-$140 today (up slightly in the last 24 hours), this move could turbocharge its mainstream appeal. Fidelity’s already a crypto ETF champ, with its Bitcoin ETF (FBTC) raking in over $16 billion in assets. Now, they’re betting on SOL to join the party, giving everyday investors a shot at Solana without the wallet hassle.
The buzz on X is wild—folks are calling it a “game-changer” for institutional adoption. If the SEC greenlights this, expect a flood of cash into Solana, maybe even pushing it toward that $200+ dreamland analysts are whispering about. With Fidelity’s $5.9 trillion total AUM clout, this isn’t just hype—it’s a power play.
What’s your vibe on this? Are you Team SOL now? Drop your thoughts below and let’s ride this wave together! #Fidelity #SolanaETF #CryptoBoom
$BTC $SOL $ETH
📢 $SOL ’s Big Moment? ETF Approval on the Horizon! ⚡
🔍 Key Highlights:
🏆 #solana outpaced #Ethereum with 7,625 new
developers in 2024!
🔥 $RAY DEX outperformed $UNI in trading volume!
💰 Solana generated 37% more revenue from fees than
Ethereum!
🇺🇸 #PANTERA Capital names Solana a top contender for a U.S. spot ETF.
📅 SEC’s decision on Solana ETFs expected by March 15, 2025!
🤔 Could Solana flip Ethereum in the next bull run? Drop your thoughts below! 👇🚀
#SolanaETF
🔍 Key Highlights:
🏆 #solana outpaced #Ethereum with 7,625 new
developers in 2024!
🔥 $RAY DEX outperformed $UNI in trading volume!
💰 Solana generated 37% more revenue from fees than
Ethereum!
🇺🇸 #PANTERA Capital names Solana a top contender for a U.S. spot ETF.
📅 SEC’s decision on Solana ETFs expected by March 15, 2025!
🤔 Could Solana flip Ethereum in the next bull run? Drop your thoughts below! 👇🚀
#SolanaETF
Polymarket data points to an 80% probability of a $SOL ETF approval in 2025. This surge in confidence suggests institutional investors are increasingly optimistic about the SEC's stance on crypto.
#SolanaETF #solana #ETFs #Solana #BinanceSquareFamily
#SolanaETF #solana #ETFs #Solana #BinanceSquareFamily
$SOL
#SolanaETF
WILL SOLANA ETFS JOIN BITCOIN AND ETHEREUM? EXPERTS SAY SEC JUST ENTERED 'NEW TERRITORY'
The SEC acknowledged an application for a spot Solana ETF on Thursday, signaling that the agency’s framework for crypto products may shift👇
The Securities and Exchange Commission on Thursday acknowledged an application for a spot Solana ETF, signaling that the agency’s framework for crypto products may soon shift.👇👇
Under former SEC Chair Gary Gensler, the regulator had a high bar, only greenlighting applications for Bitcoin and Ethereum products. In recent months, asset managers have expressed a desire to offer similar ETFs covering coins including XRP, Litecoin, Dogecoin, and Solana.👇
Among digital assets that institutions are jockeying to offer products for, Solana is unique. The SEC had alleged in 2023 lawsuits against Binance and Coinbase, two of the industry’s leading exchanges, that Solana traded on their platforms as an unregistered security.👇👇
While the SEC has since dropped allegations regarding Solana’s regulatory status in its Binance case, the alleged distinction is still important. Spot Bitcoin and Ethereum ETFs opened the door to a tsunami of Wall Street inflows, but they were approved as commodity-based trusts.👇
On Thursday, the SEC filed notice of a rule change, proposed by NYSE Arca, that would allow the exchange to list the Grayscale Solana Trust as just that—a commodity-based trust.👇👇
follow for more update and keep like and share
#SolanaETF
WILL SOLANA ETFS JOIN BITCOIN AND ETHEREUM? EXPERTS SAY SEC JUST ENTERED 'NEW TERRITORY'
The SEC acknowledged an application for a spot Solana ETF on Thursday, signaling that the agency’s framework for crypto products may shift👇
The Securities and Exchange Commission on Thursday acknowledged an application for a spot Solana ETF, signaling that the agency’s framework for crypto products may soon shift.👇👇
Under former SEC Chair Gary Gensler, the regulator had a high bar, only greenlighting applications for Bitcoin and Ethereum products. In recent months, asset managers have expressed a desire to offer similar ETFs covering coins including XRP, Litecoin, Dogecoin, and Solana.👇
Among digital assets that institutions are jockeying to offer products for, Solana is unique. The SEC had alleged in 2023 lawsuits against Binance and Coinbase, two of the industry’s leading exchanges, that Solana traded on their platforms as an unregistered security.👇👇
While the SEC has since dropped allegations regarding Solana’s regulatory status in its Binance case, the alleged distinction is still important. Spot Bitcoin and Ethereum ETFs opened the door to a tsunami of Wall Street inflows, but they were approved as commodity-based trusts.👇
On Thursday, the SEC filed notice of a rule change, proposed by NYSE Arca, that would allow the exchange to list the Grayscale Solana Trust as just that—a commodity-based trust.👇👇
follow for more update and keep like and share
See original
Volatility Shares submitted an application for an exchange-traded fund (ETF) based on Solana futures.
This comes amid a wave of applications for bitcoin ETFs over the past 2 days.
Market observers said that these applications indicate a growing demand for crypto exposure.$HIVE $THE $BSW #BtcNewHolder #ETFvsBTC #SolanaETF
This comes amid a wave of applications for bitcoin ETFs over the past 2 days.
Market observers said that these applications indicate a growing demand for crypto exposure.$HIVE $THE $BSW #BtcNewHolder #ETFvsBTC #SolanaETF
🚨LATEST UPDATE: volatility Shares has introduced the first #Solana futures ETFs, #SOLT and #SOLZ, now listed on DTCC for streamlined trading and security. This follows Coinbase’s move to launch CFTC-regulated $SOL futures, paving the way for institutional adoption.
While the #SEC has yet to approve a spot #SolanaETF this marks a step toward greater crypto integration in traditional finance.
While the #SEC has yet to approve a spot #SolanaETF this marks a step toward greater crypto integration in traditional finance.
Canada launches spot Solana ETFs as crypto race ramps up:
This comes just weeks after two ETFs tracking Solana futures began trading in the U.S.
By: Kamran
April 16, 2025
North America’s first spot Solana ETFs began trading in Canada on Wednesday, marking yet another breakthrough for the country’s pioneering cryptocurrency fund industry.
Four asset managers — 3iQ Corp., Evolve Funds Group Inc., CI Global Asset Management (CI GAM) and Purpose Investments — have each listed products on the Toronto Stock Exchange. This comes after the Ontario Securities Commission (OSC) gave the regulatory green light on Monday for the funds that provide exposure to Solana tokens (SOL), the world’s sixth largest cryptocurrency by market capitalization.
Two ETFs tracking Solana futures launched in the U.S. in March, but those funds provide indirect exposure to the digital asset by tracking the price of Solana futures contracts. The Canadian funds are the first of their kind in North America to provide direct spot exposure to the price movements of SOL, beating asset managers in the U.S. to the punch as they await regulatory approval from the U.S. Securities and Exchange Commission (SEC) to launch such products.
Canada was also ahead of the U.S. in launching spot bitcoin and spot ether ETFs in 2021.
“We are very proud and excited that Canada is [a leader] again in crypto,” said Vlad Tasevski, chief innovation officer with Purpose, in an interview.
#sol #solana
#SolanaETF
$SOL
This comes just weeks after two ETFs tracking Solana futures began trading in the U.S.
By: Kamran
April 16, 2025
North America’s first spot Solana ETFs began trading in Canada on Wednesday, marking yet another breakthrough for the country’s pioneering cryptocurrency fund industry.
Four asset managers — 3iQ Corp., Evolve Funds Group Inc., CI Global Asset Management (CI GAM) and Purpose Investments — have each listed products on the Toronto Stock Exchange. This comes after the Ontario Securities Commission (OSC) gave the regulatory green light on Monday for the funds that provide exposure to Solana tokens (SOL), the world’s sixth largest cryptocurrency by market capitalization.
Two ETFs tracking Solana futures launched in the U.S. in March, but those funds provide indirect exposure to the digital asset by tracking the price of Solana futures contracts. The Canadian funds are the first of their kind in North America to provide direct spot exposure to the price movements of SOL, beating asset managers in the U.S. to the punch as they await regulatory approval from the U.S. Securities and Exchange Commission (SEC) to launch such products.
Canada was also ahead of the U.S. in launching spot bitcoin and spot ether ETFs in 2021.
“We are very proud and excited that Canada is [a leader] again in crypto,” said Vlad Tasevski, chief innovation officer with Purpose, in an interview.
#sol #solana
#SolanaETF
$SOL
See original
🇨🇦🚀 #CanadaSOLETFLaunch : Canada advances in the crypto race with the launch of the Solana ETF
Attention traders and investors! Canada has just taken a historic step with the official launch of the first Solana (SOL) ETF in North America. The hashtag #CanadaSOLETFLaunch is already exploding on social media, and it’s no wonder: we are talking about a direct gateway for institutional investors to access one of the most promising crypto assets in the blockchain ecosystem.
From a trading perspective, this may represent a new boost for Solana, with a potential increase in its demand and global liquidity. Moreover, the influx of institutional capital usually translates into greater stability and credibility for the asset. And from a financial marketing standpoint, this move positions Canada as a regulatory leader and visionary in digital assets, paving the way for other countries to follow its example.
📈 If you're on Binance, this is the time to closely watch SOL's movements. Opportunities don’t knock twice; they are seized.
🔥 Are you ready to ride this wave?
#BinanceLatam #SolanaETF
Attention traders and investors! Canada has just taken a historic step with the official launch of the first Solana (SOL) ETF in North America. The hashtag #CanadaSOLETFLaunch is already exploding on social media, and it’s no wonder: we are talking about a direct gateway for institutional investors to access one of the most promising crypto assets in the blockchain ecosystem.
From a trading perspective, this may represent a new boost for Solana, with a potential increase in its demand and global liquidity. Moreover, the influx of institutional capital usually translates into greater stability and credibility for the asset. And from a financial marketing standpoint, this move positions Canada as a regulatory leader and visionary in digital assets, paving the way for other countries to follow its example.
📈 If you're on Binance, this is the time to closely watch SOL's movements. Opportunities don’t knock twice; they are seized.
🔥 Are you ready to ride this wave?
#BinanceLatam #SolanaETF
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