$SOL

Recently, Canada approved the first spot ETF for SOL globally, which is a significant event considering that U.S. investors have been requesting the same for a longer time. But Chris Chung, CEO and co-founder of Titan.

"Canada's approval of spot ETFs for SOL is not enough to sustain Solana's price on its own, but what it does do is send a clear signal that the institutional world is ready for Solana. Especially considering that the Ontario Securities Commission (OSC) has approved staking, which has been a controversial topic for a long time. Now, the U.S. SEC will almost certainly have to follow suit soon, which will be an even more important event in terms of inflows," Chung stated.