Could Tomorrow’s Canada Solana ETF Launch Push SOL Price to $200?

The Solana group and crypto market are watching carefully because the world’s first spot Solana ETFs put together to launch in Canada tomorrow, April 16, 2025. With this key launch, the hypothesis has additionally grown about whether or not this milestone may push SOL’s worth towards the $200 mark.

The Ontario Securities Fee (OSC) has authorised a number of ETF issuers, together with Goal, Evolve, CI, and 3iQ, to listing their merchandise. This might probably open Solana to a brand new class of institutional buyers.

Evaluating Previous ETF Launches To Solana ETF

Bloomberg ETF analyst Eric Balchunas gives a measured perspective on expectations for the Solana ETFs. He famous that “Canada is readying spot Solana ETFs to launch this week after regulator gave inexperienced gentle to a number of issuers, together with Goal, Evolve, CI, and 3iQ. ETFs will embrace staking by way of TD.”

Canada is readying spot Solana ETFs to launch this week after regulator gave inexperienced gentle to a number of issuers incl Goal, Evolve, CI and 3iQ. ETFs will embrace staking by way of TD pic.twitter.com/FSw149Xkm4

— Eric Balchunas (@EricBalchunas) April 14, 2025

Nonetheless, Balchunas cautions towards anticipating too dramatic a market response based mostly on earlier altcoin ETF launches. He factors out that “the two Solana ETFs in US (which observe futures so not an ideal ginnea pig) haven’t finished a lot. Little or no in aum. The 2x XRP already has extra aum than each the Solana ETFs and it got here out after.”

That is supported by Volatility Shares Solana ETF (SOLZ) statistics, which launched in March as the primary monetary derivative-based ETF monitoring Solana. SOLZ has collected solely roughly $5 million in internet belongings as of April 14. This displays comparatively weak investor curiosity in Solana ETF merchandise up to now.

The reception by Canadian buyers might range from U.S. futures-based merchandise. Nonetheless, expertise has proven that buyers should have reasonable expectations in the direction of short-term pricing results.

Analyst SOL Worth Forecasts Present Divergent Outlook

Market analysts are providing various estimates of SOL price prospects following the itemizing of the ETF. Some are predicting positive aspects, whereas others are extra cautious of their estimates, in accordance with present market tendencies.

CoinGape has additionally printed an in depth Solana prediction for April 2025. Analyst MANDO CT expressed optimism in regards to the growth, tweeting: “Bullish for the SOL group! ‘The world’s first spot Solana ETF is anticipated to launch on April sixteenth!’.

Bullish for the $SOL group! 👇

“The world’s first spot Solana ETF is anticipated to launch on April sixteenth!” pic.twitter.com/tD5fTKwk3t

— MANDO CT (@XMaximist) April 15, 2025

This optimistic sentiment was shared as SOL touched its “HIGHEST $SOL/ ETH WEEKLY CLOSE IN HISTORY” on April 14.

Analyst Momin suggests conditional upside. He famous: “Solana often front-runs the market. If we see $SOL shut above $120 on weekly, anticipating it to go to $180 in [the] coming weeks!” Nonetheless, Momin additionally cautions that “macro is unsure attributable to random choices.”

Solana often front-runs the market

If we see $SOL shut above $120 on weekly, anticipating it to go to $180 in coming weeks!

Onchain exercise appears again in motion, anticipate some good performs & motion for the subsequent few weeks!

However beware, macro is unsure attributable to random choices! pic.twitter.com/9vfel9SgI4

— Momin (@mominsaqib) April 12, 2025

One of many extra bullish views comes from analyst BitBull, who attracts parallels to Ethereum’s 2021 efficiency: “SOL 2025 = $ETH 2021. Identical to Ethereum’s run in 2021, Solana is organising for a large transfer in 2025.” BitBull identifies an “Accumulation Zone: $120–$130” with a goal of $300+, based mostly on sample congruity in chart conduct between SOL and ETH’s historic efficiency.

With all these factors stored in thoughts, this can be very unlikely that the Canada Solana ETF launch can propel the SOL worth in the direction of $200 within the quick time period. Assuming that the general market is bullish and with continued fund inflows by the ETFs, Solana can witness a worth surge within the quick time period.