Canada is on the verge of launching a Solana (SOL) spot Exchange Traded Fund (ETF), marking a significant step for cryptocurrency investment in the region. Bloomberg ETF analyst Eric Balchunas reported on X that Canadian regulators have approved multiple issuers, including Purpose, Evolve, CI, and 3iQ. This Solana ETF distinguishes itself by including a staking feature. Staking allows SOL holders to earn rewards by participating in the network's validation process, potentially offering investors an additional income stream beyond the price appreciation of Solana itself. This innovative feature could attract both institutional and retail investors seeking exposure to SOL with the added benefit of staking rewards. The launch is expected this week. ```