🤵🏻♂️Eric Balchunas shared on social media X a circular from the Toronto-Dominion Bank stating that the Ontario Securities Commission (OSC) has approved the launch of several funds based on Solana. This concerns products from companies such as Purpose, Evolve, CI, and 3iQ. It is emphasized that the funds will invest directly in cryptocurrency, rather than in its derivative products. In addition, the regulator has approved staking within the Solana-ETF structure.
❎In Canada, there is no federal body overseeing the securities market as a whole. This is done by local regulators. The Toronto Stock Exchange (TSX) falls under the jurisdiction of the OSC, where the fund shares will be traded.
✳️According to a Bloomberg expert, it is not worth attaching too much importance to the event — the total market value of the two futures Solana-ETFs is less than that of the recently launched XRP-based funds.
