The launch of the Solana ETF in Canada marks a further acceptance of emerging public chain assets by mainstream financial markets. As the first Solana ETF, this product lowers the investment threshold for retail investors and provides a compliant channel for institutional allocation, potentially boosting SOL liquidity. However, Solana has experienced multiple outages, and its technical stability and centralization controversies remain potential risks. Canada has been relatively aggressive in crypto financial innovation, having previously approved Bitcoin, Ethereum, and multi-asset ETFs. This move may stimulate the U.S. SEC to reassess the securities nature of Solana, but the short-term probability of approval for a U.S. version of the SOL ETF remains low, as the SEC is cautious about regulating POS tokens.