Big Moves in the North: Canada Drops First-Ever Spot Solana ETFs — With Staking Perks
Canada just leveled up the crypto game. Starting April 16, the first spot Solana ETFs are going live — and yes, they come with staking built in. Major players like Purpose, Evolve, CI, and 3iQ are behind this, with the green light from the Ontario Securities Commission (OSC).
Why this is a big deal:
Built-in staking = passive rewards
Potentially higher yields than ETH staking
Lower holding costs baked in
Launch confirmed via TD Bank + Bloomberg’s Eric Balchunas
While U.S. firms like Grayscale, Bitwise, 21Shares, and VanEck are still stuck waiting, Canada’s out here making moves. And so far, U.S. Solana futures ETFs haven’t gained much traction.
Canada just took the lead in the altcoin ETF race. If these ETFs perform well, we could see a new standard for crypto investment products.
$SOL ETF Tracker:
Volatility Shares Solana ETF: ~$5.1M AUM
2x Solana ETF: ~$8.7M AUM
So… are the bulls coming, or is this a quiet flex?
Time will tell.