2 days ago
While U.S. issuers are inactive waiting for the support of a spot Solana (SOL) exchange-traded money (ETF), Canadian investors volition beryllium capable to commercialized specified funds connected the Toronto Stock Exchange starting Wednesday.
Four plus managers are acceptable to bring their merchandise to the market, including Purpose, Evolve, CI and 3iQ, each of which volition person staking abilities arsenic well, according to a TD Cowen note shared by ETF expert Eric Balchunas. Consensus 2025 takes spot successful Toronto May 14-16. Click present for tickets.
The funds were approved by the Ontario Securities Commission (OSC) connected Monday, according to the note.
Meanwhile, issuers successful the U.S., including Grayscale, Franklin Templeton, 21Shares, Bitwise, VanEck and Fidelity, are inactive waiting for the greenish airy from the Securities and Exchange Commission (SEC) to motorboat a spot Solana fund.
There are presently 2 ETFs tracking SOL futures trading connected U.S. markets, the Volatility Shares Solana ETF (SOLZ) and the Volatility Shares 2X Solana ETF (SOLT), some of which person attracted a comparatively tiny magnitude of assets, astir $5 cardinal for SOLZ and $10 cardinal for SOLT.
The spot crypto ETFs, however, person seen immense occurrence among investors, attracting aggregate billions of dollars implicit the people of a year, with the bitcoin (BTC) ETFs becoming the astir palmy ETF motorboat successful history.
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