#CanadaSOLETFLaunch Canada is ready to launch the world's first exchange-traded funds (ETFs) for Solana (SOL).

Following the approval from the Ontario Securities Commission, leading issuers including Purpose, Evolve, CI, and 3iQ will launch these new funds on April 16, 2025.

Why are Canada's Solana ETFs innovative?

Unlike typical spot cryptocurrency ETFs, these Canadian funds uniquely combine direct asset ownership with yield generation.

The ETFs will hold physical Solana and actively participate in staking SOL tokens. This structure offers investors not only exposure to the price of SOL but also potential income through staking rewards, simplifying access to profitability compared to self-custody staking. Since Ethereum staking is already popular, these Solana staking ETFs, with higher return potential, could attract significant interest from investors.

Canada is preparing to launch Solana ETFs this week after the regulator gave the green light to several issuers, including Purpose, Evolve, CI, and 3iQ. The ETFs will include participation through TD.