Solana, Cardano and Avalanche Lead Crypto Market Losses With 5% Dips

The altcoins underperformed relative to the broader market in today’s trading, despite some encouraging recent news emerging for the Solana ecosystem.

Solana ecosystem picks up small wins

Solana’s recent losses come despite some bullish signals emerging over the past few days.

Earlier today, Canadian regulators reportedly approved spot-traded Solana ETFs, according to Bloomberg ETF analyst Eric Balchunas, with the new investment products launching in Canadian markets this week. Though many financial institutions, such as VanEck, 21Shares, and BitWise have reportedly filed applications, no Solana ETF has received approval in the U.S. yet.#WCTonBinance