#CanadaSOLETFLaunch ​Solana (SOL) has recently experienced a notable decline in price, trading at approximately $124.98, reflecting a decrease of about 5.1% from its previous close. This downturn follows a period of significant growth, where SOL had surged over 60% in the past year, reaching a high of $264. The recent price drop is attributed to a combination of factors, including market corrections and investor reactions to developments in the cryptocurrency sector.​

Concurrently, the anticipation surrounding the potential launch of a Solana exchange-traded fund (ETF) has been a topic of interest. Asset management firms such as Franklin Templeton, VanEck, 21Shares, and Bitwise have filed applications with the U.S. Securities and Exchange Commission (SEC) to introduce a spot Solana ETF. These filings aim to provide investors with a regulated avenue to gain exposure to Solana's price movements. The SEC's decision on these applications is expected by mid-2025, contingent on regulatory considerations and market conditions