#CanadaSOLETFLaunch Financial regulators in Canada have given the green light for several exchange-traded funds (ETFs) based on Solana (SOL), marking another milestone in the development of cryptocurrencies in the country. According to ETF analyst Eric Balchunas from Bloomberg, these new investment products will appear on the Canadian market on April 16, 2025.

The Ontario Securities Commission (OSC) allowed several financial institutions to launch these ETFs yesterday, paving the way for direct investments in Solana cryptocurrency through regular brokerage accounts.

SOL is part of major finance

Four major investment firms have been granted permission to distribute these new cryptocurrency products. 31Q, Purpose Investments, CI Global Asset Management, and Evolve will launch Solana-based ETFs later this week, providing Canadian investors with a variety of options to invest in SOL.

These companies are long-time participants in Canada's investment space, and their involvement reflects the growing recognition of cryptocurrencies by institutional investors beyond Bitcoin and Ethereum.