#CanadaSOLETFLaunch Solana Launches on Exchanges: Funds Will Hold Real Tokens with Staking Income

Canada will become the first country in the world to launch spot ETFs on Solana. Trading of the new funds, which will physically hold SOL rather than just tracking its price, will begin on April 16, 2025.

The project received approval from the Ontario regulator — OSC, after which leading management companies in Canada joined the launch: Purpose Investments, Evolve, CI Global Asset Management, and 3iQ.

The main feature is the ability to stake within the fund. According to Bloomberg, TD Bank will be responsible for staking, allowing investors not only to hold the asset but also to receive additional returns.