$SOL

Eric Balchunas shared a Toronto-Dominion Bank circular on social media X, which states that the Ontario Securities Commission (OSC) has approved the launch of several Solana-based funds (SOL). The products in question are from companies such as Purpose, Evolve, CI and 3iQ. It is emphasized that the funds will invest directly in cryptocurrency and not in its derivative products. In addition, the regulator has approved staking in the Solana-ETF structure.

Canada does not have a federal body that oversees the securities market as a whole. This is done by local regulators. In the jurisdiction of the OSC, in turn, is the Toronto Stock Exchange (TSX), where the shares of the funds will be traded.

According to the expert Bloomberg, do not attach too much importance to the event - the total market value of the two futures Solana-ETF is less than the recently launched funds based on XRP.

Earlier, analysts at Santiment reported that optimism about the prospects of Solana is growing in social networks, due, among other things, to the launch of Treasury yield funds based on this network.$ #CanadaSOLETFLaunch #solana #Canada $