Solana ETF Set to Launch in Canada Following Regulatory Approval
Canada is set to welcome its first Solana (SOL) exchange-traded funds (ETFs) this week after receiving approval from the Ontario Securities Commission (OSC). Four major issuers—Purpose Investments, Evolve ETFs, CI Global Asset Management, and 3iQ—have been authorized to list and trade ETFs tied to Solana’s spot price. These funds will also support staking, allowing investors to earn yield on their holdings. The announcement has already positively impacted SOL’s price, which rose 2% on Monday. This development marks a significant milestone for Solana, further integrating it into traditional financial markets and offering investors a regulated way to gain exposure to the cryptocurrency.
Solana ETF to Debut in Canada After Regulator Approval
Solana ETF will be launched in Canada this week after receiving approval from the Ontario Securities Commission (OSC). Four issuers, including Purpose Investments, Evolve ETFs, CI Global Asset Management, and 3iQ, have been greenlit to list and trade ETF products tracking Solana’s spot price. The funds will allow staking, enabling investors to earn yield on their holdings. Solana (SOL) is up 2% on Monday following the news. The funds are expected to debut on Wednesday.
Phantom and OKX Sued Over $500K Crypto Theft and Wiener Doge Collapse
Liam Murphy, the claimant’s attorney, stated that Phantom’s browser extension had exploitable holes through which hackers drained crypto, leading to the failure of his Solana-based project Wiener Doge. The token’s value plummeted to nearly 99% of its initial value, which was over $3 million. According to the complaints, Phantom allegedly misconstrued its wallet security by storing users’ decrypted private keys in the browser memory, violating secure practices like two-factor authentication. Allegations suggest the attacker used Phantom’s built-in Swapper functionality to exchange Wiener Doge tokens for SOL, causing the project’s failure.
Solana (SOL) Rallies 18%, Reclaims $130
The cryptocurrency market is showing signs of recovery. Bitcoin (BTC) briefly reclaimed the $86,000 mark, and the global crypto market cap has risen to $2.79 trillion. Solana (SOL) has gained 18.6% in the previous week and 4.1% in the 14-day charts, reclaiming the $130 level. However, SOL’s price is still down in the daily and monthly charts. The crypto market’s uptrend may have been boosted by President Trump’s announcement to pause tariffs for 90 days, except for those imposed on China, which increased investor confidence.
Solana News Today: April 15th - SOL ETFs to go live in Canada
Solana noted some achievements in the past few days, with its native token experiencing a substantial resurgence. Eric Balchunas, a Senior ETF analyst at Bloomberg, revealed that the Ontario Securities Commission (OSC) approved several spot Solana (SOL) exchange-traded funds (ETFs) to go live in Canada on April 16. The issuers include Purpose Investments, Evolve ETFs, CI Global Asset Management, and 3iQ. These will be the first SOL ETFs in Canada and will invest in long-term holdings of Solana in physical form, track different indices, and engage in staking activities to earn rewards.
