Canada Set to Launch Solana ETFs This Week

The Canadian market for alternative cryptocurrencies is poised to expand as spot Solana ETFs are scheduled to launch in Canada on April 16th. Bloomberg analyst Eric Balchunas revealed this news, citing a private client note from TD Bank that confirms the Ontario Securities Commission (OSC) approved asset managers Purpose, Evolve, CI and 3iQ to issue ETFs holding Solana (SOL). This follows a similar development in the US where the SEC has granted approval for Bitcoin and Ether-based ETFs. However, staking is currently prohibited for US crypto ETFs.