🎉Good news! Asset management company 3iQ has submitted an application for the Solana ETF (Exchange Traded Fund) in Canada, and if approved by the Ontario Securities Commission, the product will be traded on the Toronto Stock Exchange. 📈

This is a closed-end fund, which means it will offer a fixed number of shares. This is different from the VanEck Solana ETF, which is about to apply, which will authorize participants to create and redeem shares based on market demand. 🔄

James Seyffart, an analyst at Bloomberg Intelligence, said that 3iQ's Solana fund will be more similar to the Grayscale Trust product. 🔍

This dynamic has undoubtedly injected new vitality into the cryptocurrency market, and we will continue to pay attention to this progress. 👀While we remain neutral on the market, we are optimistic about the prospects of Bitcoin. 💰

Please continue to pay attention to our blockchain global regulatory dynamics, industry trends, cryptocurrency news, and more exciting content! 🌍🚀