Canada is preparing to launch the first instant exchange-traded funds (ETFs) for Solana (SOL), surpassing the United States #CanadaSOLETFLaunch

Canada is set to become the first country in the world to launch instant exchange-traded funds (ETFs) for Solana (SOL) on April 16. These funds will be available for trading on the Toronto Stock Exchange, providing Canadian investors with a regulated way to invest in the digital currency Solana.

This move follows the approval of the Ontario Securities Commission and includes four asset managers: Purpose Investments, Evolve ETFs, CI Global Asset Management, and 3iQ. These funds feature staking for Solana, which may provide higher returns for investors compared to staking Ethereum.

This announcement marks another milestone in the adoption of digital assets in Canada, placing it ahead of the United States, which has not yet approved similar funds for Solana. The cryptocurrency community is closely watching this launch to see its impact on the broader Solana market.