While the US supervisory authorities are still hesitant, Canada has the green light for a number of spot ETFs Solana (Sol) given. The first regulated Sol Spot ETFs are about to start in North America.
Investors look forward to the upcoming launch and ask themselves how long it will take before the United States also agree to a Solana ETF.
Solana Spot ETFs are in the starting blocks
According to Eric Balchunas, analyst at Bloomberg, the Solana Spot ETFs should be available for Canadian investors from April 16. This information comes from an internal Customer note the TD Bank, a Canadian financial institution, which confirms that the Ontario Securities Commission (OSC) Purpose, Evolve, CI and 3IQ have given the asset managers to offer ETFs with Solana as a underlying.
The OSC explained that approval and supervision of SOL-ETFs are in line with a directive published in January, the new rules for funds Crypto-TAgle values contains.
The ETFs are physically stored, which means that they are coupled directly to the Solana course and that the funds actually hold SOL as the underlying asset. This gives institutional investors a regulated way to invest in Solana – without having to manage wallets themselves or to have to acquire tokens on stock exchanges.
A signal towards the United States
The approval of these ETFs in Canada is interpreted by many as a political signal to the United States. While the US stock exchange supervision hesitates SEC, ETFs for other old coins than Bitcoin (BTC) and Ethereum (ETH) Approval, Canada proactively progresses.
In fact, several developments indicate that a Solana ETF could also be imminent in the USA. Well -known companies such as Vaneck and Canary Capital have already submitted corresponding applications, and Fidelity recently joined this circle. Fidelity’s application has now been officially registered by the SEC – a crucial step towards possible approval.
In addition, Solana is increasingly perceived as a serious investment option, not least by recent statements by the former US President Donald Trump, who is supposed to be considering a future national crypto reserve.
What does that mean for the SOL course?
After a few difficult months, Solana, like the overall market, recently gained dynamics again. In the past week alone, the course increased by 21.26 %-among other things inspires by positive news about possible ETF approval.
The price of SOL is currently $ 131.80. Some analysts predict further growth – sometimes even up to $ 300. Others remain reserved and refer to possible hurdles.
In any case, approval by the United States would mean a strong impulse for the course. However, the introduction of a Solana spot ETF could have a positive effect on the market value-but it remains to be seen whether and when this happens.