While US issuers are still waiting for the approval of a spot of Solana (Sol) Exchange-Traded Fund (ETF), Canadian investors will be able to trade such funds at Toronto Stock Exchange from Wednesday.

Four asset managers are set to bring their product to the market, including purposes, Evolve, CI and 3IQ, all of whom also want efforts, according to a TD Cowen note shared by ETF analyst Eric Balchunas.

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The funds were approved by the Ontario Securities Commission (OSC) on Monday according to the note.

Meanwhile, issuers in the United States, including Grayscale, Franklin Templeton, 21Shares, Bitwise, Vaneck and Fidelity, are still on the green light of Securities and Exchange Commission (SEC) to launch a spot of Solana Fund.

There are currently two ETFS traces of Sol Futures -handel in US markets, the volatility shares Solana ETF (Solz) and the volatility 2x Solana Etf (Sun), both of whom have attracted a relatively small amount of assets, about $ 5 million for Solz and $ 10 million for sun.

However, Spot Crypto ETFs have seen tremendous success among investors, attracting multiple billion of dollars over a year in which Bitcoin (BTC) ETFs will be the most successful ETF launch in history.