#CanadaSOLETFLaunch The label marks a significant event in the landscape of cryptocurrency ETFs. On April 16, 2025, Canada is set to launch the world's first spot Solana ETFs. Several asset managers, including Purpose Investments, Evolve ETFs, CI Global Asset Management, and 3iQ, have received approval from the Ontario Securities Commission (OSC) to offer these ETFs.

These new ETFs will hold physical Solana (SOL) tokens directly, providing investors with direct exposure to the price movements of the cryptocurrency. A notable feature of these Canadian Solana ETFs is the inclusion of staking. This allows the ETFs to earn staking rewards, potentially providing higher returns compared to staking Ether and reducing overall maintenance costs for investors. TD Bank is reported to manage the staking services.

While the United States has seen the launch of futures Solana ETFs, Canada's decision to approve spot Solana ETFs with staking capabilities positions it as a leader in offering innovative crypto investment products.