Blockworks 2025-04-16 20:06:24

Demand for Canada solana ETFs could be muted as US versions wait their turn

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe . We’ve highlighted the milestone that is spot solana ETFs launching on the Toronto Stock Exchange, but industry watchers aren’t expecting big demand initially. ETF.com analyst Sumit Roy noted that spot ether ETFs in Canada hold about $500 million in assets — roughly one-tenth of the money in Canadian spot crypto ETFs overall. The rest resides in bitcoin products. “We’ve seen a similar phenomenon here in the US, where ether ETFs have attracted a fraction of the demand that bitcoin ETFs have,” Roy told me. “And so it’s reasonable to assume that SOL, which is an even less popular cryptocurrency than ether, will have less demand in turn.” The market cap of ether is roughly 3x larger than that of solana — at $190 billion, compared to SOL’s $65 billion. Most US investors might wait for US-listed solana ETFs before seeking out that exposure, Roy added. Even then, Bloomberg Intelligence analyst James Seyffart said frankly: “I don’t see a massive wall of demand for solana ETFs here in the US.” Volatility Shares’ two US solana futures ETFs have just $15 million in combined AUM after nearly a month on the market. “That said, over time, I think SOL ETFs can grow,” Roy said. “Solana is a vibrant blockchain that’s at the center of the memecoin phenomenon.” As for when we could see spot solana ETFs in the US, Seyffart previously pinned the odds of SEC approval at 70% by the end of the year. He told me this morning he still expects those funds — as well as proposals to allow staking in the US ETH products — to get the green light in the coming months. “Final deadlines for both of those things are in October 2025, but the SEC could move quicker if they wanted,” Seyffart said. As noted yesterday, Canada beating the US to crypto ETFs is nothing new. Its spot bitcoin and ether ETFs launched three years before similar products hit the US market. Heck, Canada welcomed the first ETF ever in 1990 — three years before the SPDR S&P 500 ETF (SPY) debuted in the US. “I don’t think the SEC will feel any pressure from what regulators in Canada do,” Roy said. “They will move to the beat of their own drum as they’ve always done.” Get the news in your inbox. Explore Blockworks newsletters: Blockworks Daily : Unpacking crypto and the markets. Empire : Crypto news and analysis to start your day. Forward Guidance : The intersection of crypto, macro and policy. 0xResearch : Alpha directly in your inbox. Lightspeed : All things Solana. The Drop : Apps, games, memes and more. Supply Shock : Bitcoin, bitcoin, bitcoin.

Наиболее читаемые новости

Rarible Co-Founder’s Insights on NFTs: Naviga...
2025-04-23
Robert Kiyosaki Predicts 2x Growth for Silver...
2025-04-23
Unfazed Strategy (MSTR) Doubles Down After $5...
2025-04-23
Bitcoin ETFs See $936M Inflows as ‘Safe Haven...
2025-04-23
Cardano Price Eyes $5 After 17% Surge
2025-04-23
Solana Price Prediction 2025, 2026 – 2030: SO...
2025-04-23
AI Speech Model Breakthrough: Undergrads Crea...
2025-04-23
Why is Ethereum (ETH) price up today?
2025-04-23

https://www.digistore24.com/redir/325658/ceobig/

Связанные новости

Прочтите Отказ от ответственности : Весь контент, представленный на нашем сайте, гиперссылки, связанные приложения, форумы, блоги, учетные записи социальных сетей и другие платформы («Сайт») предназначен только для вашей общей информации, приобретенной у сторонних источников. Мы не предоставляем никаких гарантий в отношении нашего контента, включая, но не ограничиваясь, точность и обновление. Никакая часть содержания, которое мы предоставляем, представляет собой финансовый совет, юридическую консультацию или любую другую форму совета, предназначенную для вашей конкретной опоры для любых целей. Любое использование или доверие к нашему контенту осуществляется исключительно на свой страх и риск. Вы должны провести собственное исследование, просмотреть, проанализировать и проверить наш контент, прежде чем полагаться на них. Торговля - очень рискованная деятельность, которая может привести к серьезным потерям, поэтому проконсультируйтесь с вашим финансовым консультантом, прежде чем принимать какие-либо решения. Никакое содержание на нашем Сайте не предназначено для запроса или предложения