ChainCatcher news, before the application for the VanEck Solana ETF was submitted, the asset management company 3iQ also filed for a SOL ETF in Canada. If approved by the Ontario Securities Commission, the product will trade on the Toronto Stock Exchange.It is reported that the 3iQ product is a closed-end fund, which means it will offer a fixed number of shares, while the VanEck Solana ETF will allow authorized participants to create and redeem shares based on market demand.Bloomberg Intelligence analyst James Seyffart stated on X that 3iQ's Solana fund will be more similar to Grayscale Trust products.

ChainCatcher news, according to CoinDesk, BlackRock and Valkyrie, two companies seeking approval for Bitcoin spot ETFs, have announced their respective yet-to-be-approved ETF's two authorized participants.It is reported that BlackRock is collaborating with J.P. Morgan and Jane Street, while Valkyrie has chosen Jane Street and Cornell Fitzgerald as its authorized participants.In addition, the U.S. SEC is expected to decide whether to approve the Bitcoin spot ETF between January 5 and 10.