Canada once again makes its mark as a pioneering country in the digital asset financial industry, preparing to launch the world's first series of Solana spot ETFs with staking support – a move evaluated as surpassing the US market in both speed and strategy.
For the first time in the world: Solana Spot ETF + Staking appear together
According to Bloomberg and ETF analyst Eric Balchunas, the Ontario Securities Commission (OSC) has officially 'green-lighted' four asset management companies: Purpose, Evolve, CI, and 3iQ – to launch #ETFSolana funds this week. Specifically, these ETFs will:
Holding $SOL in physical form (physical Solana)
Participate in staking activities to receive rewards
Monitor various indicators depending on each fund
Optimize ETF holding costs through staking profits
With the current price of Solana fluctuating around $129.97, the new ETFs are expected to open an effective investment channel, providing passive income through staking – something never seen in traditional crypto ETFs before.
The US remains 'hesitant' – Solana ETF has not been approved, staking is even further away.
Although the US has 'broken the ice' for Bitcoin spot ETFs since January 2024, the wave of altcoin ETFs like Solana, $XRP ... is still pending approval. Major players such as WisdomTree, Bitwise, 21Shares, Franklin Templeton, and Canary Capital have all submitted applications to launch Solana spot ETFs, but so far none have been approved.
Even the proposal to integrate staking into Grayscale's Ethereum ETF has just been delayed by the SEC until June 1, 2025, citing a need for 'more time for analysis.'
According to Bloomberg analysts, the earliest the US could start approving crypto ETFs with staking is at the end of 2025 – if the political climate and the SEC's stance truly change positively.
Canada, Hong Kong, Australia... are gradually leading the 'crypto ETF race'
Not only #Canada , other major markets such as Hong Kong and Australia are also accelerating the deployment of clearly regulated crypto ETFs with transparent legal frameworks. This reflects a clear trend: traditional financial institutions are increasingly interested in digital assets, but require full compliance with the law.
Canada was already a pioneer with the world's first Bitcoin spot ETF in February 2021, and now continues to maintain its leading position with the Solana staking-enabled ETF.
Will this trend affect the crypto market and Binance users?
Integrating staking into ETFs could be a major turning point for the crypto market, especially for users holding SOL or interested in altcoins with staking models. As traditional investment products begin to legitimize the staking feature, this could help increase liquidity, reduce volatility, and attract institutional capital into the market.
For Binance users, this is also a reminder that major trends in crypto are increasingly converging with traditional finance, and users need to closely monitor to avoid falling behind. Binance remains the leading platform supporting staking for many assets, including Solana, with a transparent and flexible mechanism suitable for both newcomers and professional investors.
Summary: Canada is paving the way, the US is still hesitant – who will lead the staking game in ETFs?
With this decisive move, Canada is not only gaining an advantage in the altcoin ETF race but also shaping a new standard for the digital asset financial industry. Meanwhile, the US, despite having strong momentum from the 2024 election aftermath, still needs to overcome legal barriers to avoid being left behind.
🔍 Risk Warning: Investing in cryptocurrencies always carries high risks due to strong price volatility and unstable legal factors in many countries. Users should thoroughly research before participating and only invest money they can afford to lose. Products like crypto ETFs may offer easier access, but they still do not eliminate risks from underlying assets.
