Canada is set to launch Solana ETS with staking.

It's Tuesday, April 15, 2025. I'm Christine Lee. This is Coiness Daily.

Canadian asset managers, purpose investments, Evolve, CI Global, and 3 IQ will launch North America's first spot Salana Exchange traded funds on

the Toronto Stock Exchange Wednesday, offering investors direct exposure to the Salana cryptocurrency

with staking rewards. Anticipation over the ETFs approved by the Ontario Securities Commission

have been driving a 30% price surge over the past week for Solana.

Coin Desk Shari Amalwa saying Salana's rally is supported by firm 120 support,

with the potential to reach 140 if $135 is cleared.

The move marks a significant step in integrating blockchain technology into traditional finance,

though experts caution the market

volatility remains a concern. Meanwhile, over in the United States, XRP and Solana are leading

candidates to secure regulatory approval from the SEC for a spot ETF due to their high liquidity,

say KACO analysts. XRP has a slight edge as the token's U.S. market share has

increased since the SEC dropped their 2021 lawsuit against XRP development company, Ripple Labs,

while Solana's share has declined. Furthermore, the recent launch of a leveraged XRP

ETF by 2GRIAM has boosted XRP's momentum despite caution in the options market.

The SEC has acknowledged several XRP spot ETF applications with gray scales filing facing a

critical May 22nd deadline.

Notwithstanding all this ETF excitement, the reality is crypto-utiffs are seeing major outflows right now.

Despite social media calls to buy Bitcoin, institutions are not following this trend,

as evidenced by significant outflows from U.S. listed spot BTC ETFs.

As of Monday, the 11 U.S. listed spot Bitcoin ETFs considered a proxy for institutional activity were on track to register

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