Whereas U.S. issuers are nonetheless ready for the approval of a spot Solana (SOL) exchange-traded fund (ETF), Canadian traders will have the ability to commerce such funds on the Toronto Inventory Change beginning Wednesday.
4 asset managers are set to convey their product to the market, together with Purpose, Evolve, CI and 3iQ, all of which could have staking talents as properly, in line with a TD Cowen note shared by ETF analyst Eric Balchunas.
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The funds have been accredited by the Ontario Securities Fee (OSC) on Monday, in line with the observe.
In the meantime, issuers within the U.S., together with Grayscale, Franklin Templeton, 21Shares, Bitwise, VanEck and Constancy, are nonetheless ready for the inexperienced gentle from the Securities and Change Fee (SEC) to launch a spot Solana fund.
There are at the moment two ETFs monitoring SOL futures buying and selling on U.S. markets, the Volatility Shares Solana ETF (SOLZ) and the Volatility Shares 2X Solana ETF (SOLT), each of which have attracted a comparatively small quantity of belongings, round $5 million for SOLZ and $10 million for SOLT.
The spot crypto ETFs, nevertheless, have seen immense success amongst traders, attracting a number of billions of {dollars} over the course of a yr, with the bitcoin (BTC) ETFs changing into essentially the most profitable ETF launch in historical past.
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