Demand for solana ETFs in Canada is anticipated to grow, though initial interest may be modest. Industry analysts have highlighted that solana, with a market cap of $65 billion, has not attracted as much attention as bitcoin and ether ETFs, which hold around $500 million in Canada. Analysts like Sumit Roy note that solana is less popular than ether, leading to expected lesser demand for solana ETFs in the U.S. where investors may prefer to wait for U.S.-listed versions before investing. Currently, Volatility Shares' two U.S. solana futures ETFs have garnered only $15 million in combined assets under management. Despite the slow start, there is optimism for future growth due to solana’s active role in the memecoin trend. Bloomberg analyst James Seyffart believes a SEC approval for spot solana ETFs could happen by 2025, but no immediate pressure from Canadian advancements will influence U.S. regulatory decisions. Historically, Canada has been quicker to launch crypto ETFs compared to the U.S. market.

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