Analyst Eric Balchunas from Bloomberg revealed that Canada is preparing to launch instant exchange-traded funds for the cryptocurrency Solana this week. Regulatory bodies have approved several issuers, including Purpose, Evolve, CI, and 3iQ, to offer these investment products. TD Bank will provide custody services for Solana coins within these funds. This move makes Canada the first country to offer instant investment funds for Solana with custody services.

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