Solana just hit a major milestone—spot ETFs tracking SOL are now live on the Toronto Stock Exchange! Four asset managers—Purpose (SOLL), CI Global (SOLX), 3iQ (SOLQ), and Evolve (SOLA)—have rolled out their own Solana ETFs, complete with staking rewards. The green light came from Canada’s top regulator, the Ontario Securities Commission, earlier this week.
This move places Solana alongside Bitcoin and Ethereum as approved cryptocurrencies for spot ETFs in Canada. But here’s the catch: analysts like Bloomberg’s Eric Balchunas aren’t sold on how hot these funds will be. U.S.-based Solana futures ETFs flopped last month, and even a 2x XRP ETF launched after them already has more assets under management.
Conclusion:
Canada might be leading the way in crypto ETF innovation, but whether Solana’s spotlight moment leads to investor buzz remains to be seen.
Takeaways:
Four spot Solana ETFs launched on Canada’s TSX with staking rewards
OSC approval makes Solana the third crypto with spot ETF status in Canada
Analyst skepticism due to low interest in U.S. Solana futures ETFs
Bitcoin and Ethereum remain dominant in the ETF space
Source: Bitcoin.com
