#巨鲸动向
The Ontario Securities Commission (OSC) of Canada has approved multiple Solana spot ETFs and opened up their staking functions. It is expected that the product will be officially listed for trading on April 16 local time.
Canada approves Solana spot ETF, ahead of the United States! Bloomberg senior ETF analyst Eric Balchunas cited documents on X late yesterday (14) that the Ontario Securities Commission (OSC) of Canada has approved the Solana spot ETF applications submitted by Purpose, Evolve, Cl and 3iQ, and is expected to officially list the product on April 16 local time.
It is worth mentioning that this time, Canadian regulators not only approved the world’s first Solana spot ETF, but also opened up the staking function of this ETF. Eric Balchunas pointed out its key advantages:
The new Solana ETF is allowed to participate in staking activities to earn rewards, which may provide higher returns than the Ethereum ETF and reduce the overall ETF holding costs.
SOL rebounded by nearly 20% in the past week
In terms of the short-term performance of the currency price, SOL does not have a very obvious incentive effect, and basically follows Bitcoin. However, within a week of setting a new record, SOL has rebounded by 18.46%, making it the best performing currency among the top ten tokens.
After the official listing of Solana spot ETF in Canada this week, will it bring continuous capital inflow? You can continue to observe.
When will the US Solana spot ETF be approved?
However, returning to market size, the US market is still the largest in terms of influence and capital volume.
After Trump took office as the US President, asset management companies including Grayscale and Bitwise have successively submitted applications for Solana, XRP, DOGE and other cryptocurrency spot ETFs. Among them, the current market believes that the Solana and XRP spot ETFs are most likely to be approved this year. Canada has already made a decision first, which may further increase the chances of the United States approving the Solana spot ETF.
Another point worth noting is that Canada approved the Solana spot ETF and also approved its staking function, which is a major missing piece in the current spot cryptocurrency ETF market. Whether the U.S. SEC will approve the staking of related cryptocurrency ETFs in the future may become another key factor in whether institutions decide to enter the market.
Note: Hong Kong has already approved the staking function of the Ethereum spot ETF last week. Coupled with Canada’s approval of the staking function of the Solana spot ETF, many analysts predict that the SEC will eventually let go of the ETF staking function.
