When American regulators still doubt, Canada gives a green light to a range of funds cited (ETF) in cash Solara (SUN). It is the first ETF for Sun’s money regulated in North America.
Investors observe the launch while waiting for and wonder how long the United States will take to spend an ETF Solana.
Etf de Solana in cash on the road
According to Bloomberg Eric Bloomberg Balchunas, the ETF Al Solana will be available for Canadian investors on April 16 on the basis of a to use confidential customer From the TD bank, Canadian financial entity, Balchunas announced this news. The note indicates that the Ontario securities commission (CSO) has given its approval to the objective, Evolve, CI and 3iq of asset managers to issue an ETF that they invest in Solana.
The CSO indicated that the approval and supervision of Solana ETF are produced in accordance with a January announcement with new rules for funds that have a cryptocurrency.
The FNBs are physically supported and, therefore, directly linked to the price of the Solana. This means that these funds have efficiently soil as an underlyingct. This allows institutional investors to invest in Solana in a regulated manner, without having to manage the handbags themselves or to buy tokens via exchanges.
Signal in the United States
The approval of these FNBs in Canada is considered by many as a political signal in the United States. While the United States’s (SEC) stock market commission remains slow when evaluating different altcoin requests from Bitcoin (BTC) Y Ethereum (ETH)Canada chooses to act.
Thus, there are indications that the FNB of Solana is on the way. Big names like Vaneck and Canary Capital have already submitted requests, and recently Fidelity has also joined the ranks. Fidelity’s request has now been officially recognized by the SEC, which is an important step towards its possible approval.
In addition, Solana is more and more like a serious investment option, partly due to the recent statements by former President Donald Trump. He would plan to include soil in a future national cryptocurrency reserve.
What does this mean for the price of the sun?
Although only, like the cryptocurrency market in general, it has experienced difficult months, money has recovered a certain impulse. Last week, for example, the price increased by 21.26%, partly due to the new positive of possible approval of ETF in cash.
Currently, Sol quote $ 131.80, but some analysts expect greater growth, even up to $ 300. Other analysts believe that it is still a little premature and indicates possible obstacles.
In all cases, American approval would mean good news for solar investors. Perhaps, the arrival of an ETF of Solana Spot causes the re-evaluation of the actions of the sun, but this is about to see.
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