A senior analyst at Bloomberg Intelligence stated that as of April 16, shares of several spot Solana-ETFs began trading on the Canadian stock market.
Eric Balchunas shared on social media a circular from Toronto-Dominion Bank, stating that the Ontario Securities Commission (OSC) has approved the launch of several funds based on Solana. These are products from companies like Purpose, Evolve, CI, and 3iQ. It is emphasized that the funds will invest directly in cryptocurrency, rather than in its derivative products. Additionally, the regulator has approved staking within the structure of Solana-ETF.
Canada lacks a federal body that oversees the securities market as a whole. This is done by local regulators. The Toronto Stock Exchange, where the shares of the funds will be traded, falls under the jurisdiction of the OSC.
According to a Bloomberg expert, it is not worth attaching too much importance to the event — the total market value of two futures Solana-ETFs is less than that of the recently launched XRP-based funds.