CoinDesk Podcast Network COINDESK DAILY: Canada Set to Launch Solana ETFs with Staking
Apr 15, 2025
Canada is gearing up to launch its first spot Solana ETFs, signaling exciting opportunities for investors. As asset managers prepare for the big reveal on April 16, analysts speculate on potential U.S. ETF approvals for XRP and Solana. Meanwhile, Bitcoin ETFs are experiencing significant outflows amid ongoing trade tensions. The discussion highlights the evolving landscape of crypto investments and the implications for Solana's market position amidst regulatory scrutiny.
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Canada's Solana ETFs Launch
- Canada will launch North America's first spot Solana ETFs on April 16 with staking rewards.
- This development integrates blockchain directly into traditional finance, boosting Solana's price by 30%.
XRP and Solana SEC ETF Prospects
- XRP and Solana are frontrunners for U.S. SEC approval of spot ETFs due to liquidity.
- XRP leads slightly as the SEC dropped its 2021 lawsuit against Ripple Labs, boosting its market share.
Institutional Bitcoin ETF Outflows
- U.S.-listed spot Bitcoin ETFs see large institutional outflows, despite social media calls to buy.
- Rising recession risks and trade tensions increase market volatility, driving funds to U.S. Treasury bills as safe havens.