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Solana Surges to Monthly Peak as Coinbase Enhances Platform and Canada Approves New ETF
Solana Surges to Monthly Peak as Coinbase Enhances Platform and Canada Approves New ETF
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Solana (SOL) has reached its highest price point in April 2025, fueled by two major developments: significant infrastructure upgrades on Coinbase and the launch of a Solana-focused exchange-traded fund (ETF) in Canada. The cryptocurrency rallied as Coinbase announced improved trading capabilities and liquidity support for SOL, while Canadian regulators greenlit the country’s first Solana ETF, broadening institutional access. This dual catalyst underscores growing confidence in Solana’s scalability and adoption, with trading volume spiking 40% week-over-week. Analysts suggest the ETF approval—overseen by the Canadian Financial Services Authority (FSA)—may set a precedent for similar products in other jurisdictions.
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