#CanadaSOLETFLaunch Canada Launches World’s First Spot Solana ETFs with Staking – April 16, 2025 

Today marks a significant milestone in the cryptocurrency investment landscape as Canada becomes the first country to launch spot Solana (SOL) exchange-traded funds (ETFs) that incorporate staking rewards. Approved by the Ontario Securities Commission (OSC), four asset managers—Purpose Investments, CI Global Asset Management, 3iQ, and Evolve ETFs—have introduced these innovative financial products on the Toronto Stock Exchange.  

Key Features of the New Solana ETFs:

• Direct Exposure to SOL: Investors can now gain regulated access to Solana, a high-performance blockchain known for its speed and scalability, without the need to manage digital wallets or navigate cryptocurrency exchanges. 

• Integrated Staking Rewards: These ETFs are designed to stake a portion of their SOL holdings, allowing investors to earn additional returns through Solana’s proof-of-stake mechanism. For instance, CI Galaxy Solana ETF (tickers: SOLX.B and SOLX.U) offers a 0% management fee for the first three months and plans to distribute at least 65% of staking rewards to investors.  

• Multiple Currency Options: The ETFs are available in various currency denominations, including CAD-hedged, CAD unhedged, and USD unhedged units, providing flexibility to investors. 

This development positions Canada at the forefront of cryptocurrency ETF innovation, offering investors a unique opportunity to participate in the growth of the Solana ecosystem while benefiting from staking rewards.

#SolanaETF #CanadaCrypto #stakingrewards #sol #BinanceSquare