Solana ETFs approved in Canada with staking
Canada approves World's First Spot Solana ETFs include a staking feature.
Approved by the Ontario Securities Commission, Canada will open the first spot Solana (SOL) ETFs on April 16, 2025 Reflecting great investor interest and increasing network activity including a record-breaking 355 million transactions, Solana's price surged 25% in the previous week, hence the move comes as natural.
These products will feature SOL staking, unlike conventional crypto ETFs, thereby providing possible additional benefits as well as helping network security. Staking Solana yields might beat Ethereum's, according to TD Bank, which would appeal to investors.
Approved to launch the ETFs—which will hold genuine SOL tokens instead than depending on synthetic exposure—four issuers—Purpose Investments, Evolve ETFs, CI Global Asset Management, and 3iQ Every ETF will have a separate index and provide many approaches to be exposed to the Solana ecology.
Spot Solana ETFs have not yet been approved in the United States however. Among numerous suggestions the SEC is still evaluating are those from Grayscale, Bitwise, and Fidelity. By May 19, 2025, a decision on VanEck's application should be final.