#CanadaSOLETFLaunch Canada Set to Launch Spot Solana ETF, Says Bloomberg Analyst

According to BlockBeats, Bloomberg ETF analyst Eric Balchunas announced on social media that Canada is preparing to launch a spot Solana (SOL) ETF this week. Regulatory authorities have reportedly approved multiple issuers, including Purpose Investments, Evolve ETFs, CI Global Asset Management, and 3iQ, to move forward with their respective SOL ETF products.

In a notable development, staking services for these ETFs will be handled by TD Bank, adding a layer of institutional support and potential yield generation for investors.

This move positions Canada as one of the first countries to offer regulated exposure to Solana via spot ETFs, signaling growing confidence in SOL as a digital asset class.