Summary
- Canadian financial regulators have announced that they have approved Solana (SOL) spot ETF products.
- Purpose, Evolve, CI Financial, and 3iQ are expected to initiate the listing process within this week.
- It was reported that a staking feature is expected to be included through TD.
Canada is expected to launch a Solana (SOL) based spot Exchange Traded Fund (ETF) as early as this week.
On the 14th, Eric Balchunas, a senior ETF analyst at Bloomberg, announced on X (formerly Twitter) that "Canadian financial regulators have given the green light to Solana spot ETF products submitted by multiple asset management companies, including Purpose, Evolve, CI Financial, and 3iQ." Accordingly, each management company is expected to initiate the listing process within this week.
Balchunas added, "The product is expected to include a staking feature through TD (Toronto-Dominion Bank)."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.![[Market] Bitcoin breaks below $68,000 as losses deepen](https://media.bloomingbit.io/PROD/news/3a08fe32-6a33-4a62-bb89-4afb5c5399ca.webp?w=250)
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