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Canadian investors now have a third cryptocurrency to buy via an exchange-traded fund (ETF), Solana.
The Solana price has surged by 12% this week, massively outpacing rival large-cap cryptos. The ETFs have helped instill excitement in the Solana ecosystem and reinforced its credibility as an institutional-ready product.
$SOL ETFs Could Bolster Market Sentiment
Four issuers launched Solana ETFs on Wednesday, making it the third cryptocurrency approved for use as a spot ETF asset in Canada, alongside Bitcoin and Ethereum.
ETF expert Eric Balchunas was skeptical that the capital flows from the Canadian market may do little to move the $SOL price. He nodded to Solana’s US-based futures ETFs, writing:
“The two Solana ETFs in the U.S. (which track…
