Spot Solana Exchange-Traded Funds (ETF) is set to launch in Canada on April 16, according to Bloomberg’s analyst Eric Balchunas.
In an X post on April 14th, the analyst shared A private client note from TD Bank, a Canadian financial institution, claiming the Ontario Securities Commission (OSC) Greenlighted Asset Managers Purpose, Evolve, CI and 3IQ to issue ETFs holding Solana (Sol).
The OSC did not immediately respond to Cointelegraph’s request for comment.
Canada has no federal security agency, along with territories and provinces applying their own security laws. Toronto’s security exchange is controlled by Ontario’s OSC.
Allowing ETFs to stake a portion of SOL Holdings for extra yield, Balchunas said, adding that the upcoming lists were “our first look at the Alt Coin breed.”
Source: Eric Balchunas
Related: SEC has approved options on ETFs of Spot Ether
Awaiting US approval
The US Securities and Exchange Commission (SEC) has Dose -Dose -Docated Applications in the ETF list The handling of alternative cryptocurrencies, or “altcoins,” but to date only funds holding the Bitcoin area (Btc) and ether (Eth) for trading.
Staking is still not limits for us crypto ETFs. Bloomberg’s analyst James Seyffart said the Ether ETF could be greenlighted with Start staking as soon as possibleBut the process can take months.
However, the demand of investors for ETFs of Altcoin may be weaker than funds holding core cryptocurrencies, Little Tischhauser, head of Crypto Bank Sygnum research, was told in Cointelegraph in August.
“(T) Here is all this disturbance in the market about these ups ETFs, and no one can point to where the big demand came from,” Tischhauser told cointelegraph.
Volatility Shares’ Sol Futures ETF is about $ 5 million in net assets. Source: Sharing volatility
In March, the sharing of volatility by asset manager Launched the first ETF to track Solana’s performance Use of financial derivatives.
Volatility Shares Solana ETF (Solz) has seen a warm reception, which attracts only about $ 5 million in net assets until April 14, according to its website.
“Fwiw, the 2 Solana ETF in the US (which monitors futures so it’s not a perfect guinea pig) hasn’t done much. It’s very small to Aum. The 2x XRP already has more AUM than both Solana ETFs and it comes out afterwards,” Balchunas said.
Balchunas added that he “(W) will not read a ton” as a predictor for Sol ETFs spots.
