#CanadaSOLETFLaunch Canada Set to Launch North America's First Solana Staking ETF

Canada is once again making headlines in the cryptocurrency space with the upcoming launch of North America's first Solana exchange-traded fund (ETF). The ETF, officially known as the 3iQ Solana Staking ETF (QSOL), was filed with Canadian securities regulators in January 2025 and is currently awaiting approval to be listed on the Toronto Stock Exchange (TSX).

The QSOL ETF is designed to provide investors with direct exposure to Solana (SOL), one of the fastest-growing blockchain platforms. Beyond just price exposure, the fund also offers the unique benefit of staking rewards, allowing investors to earn passive income from Solana’s proof-of-stake network. Estimated annual yields from staking are expected to range between 6% and 8%, making the ETF appealing to both long-term holders and income-seeking investors.

To ensure a high level of security and operational efficiency, 3iQ has partnered with Coinbase Custody and Tetra Trust as custodians of the assets. Coinbase Custody will also provide the necessary institutional-grade staking infrastructure to support and manage the staking process.

This move is the latest in a series of firsts for Canada, which previously led the way in launching the world’s first Bitcoin and Ether ETFs. If approved, the QSOL ETF would further cement Canada's status as a leader in regulated cryptocurrency investment products.

Investors and crypto enthusiasts alike are keeping a close watch on updates from the Ontario Securities Commission and the TSX, as the QSOL ETF could open the door to broader institutional and retail participation in Solana and similar blockchain ecosystems.

As the crypto market continues to mature, the introduction of regulated, yield-generating investment products like QSOL marks a significant milestone in bridging traditional finance with decentralized technology.