BlockBeats News, April 16th - On April 16th, a Canadian asset management company launched four Solana (SOL) spot ETFs on the Toronto Stock Exchange (TSX), marking the birth of North America's first Solana Exchange-Traded Product (ETP) with staking functionality. These ETFs not only track the USD price of SOL but also allow investors to earn 6% to 8% annualized staking rewards, providing a new option for investors seeking passive income. Bitunix Analyst Suggestion:The launch of the Solana spot ETF may have a positive impact on SOL's market performance. Currently, SOL's price has dropped by about 33.21% in the past 2025 days. It is advisable to closely monitor the ETF's market acceptance and capital inflows. Additionally, pay attention to whether the SOL price can stabilize above $122 and watch for signs of breaking through $149.74. Before investing, it is recommended to implement adequate risk management and consider your investment goals and risk tolerance.
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