#CanadaSOLETFLaunch The recent launch of spot Solana ETFs in Canada marks a significant milestone for the cryptocurrency market, offering investors a new way to gain exposure to Solana’s native token, SOL, without directly holding it. On April 16, 2025, four asset managers—Purpose Investments, Evolve Funds Group, CI Global Asset Management, and 3iQ Digital Asset Management—introduced these ETFs on the Toronto Stock Exchange, making Canada the first North American country to offer spot Solana ETFs with staking capabilities. These ETFs, backed by TD Bank’s staking infrastructure, allow investors to earn an estimated 7-8% annualized yield through Solana’s proof-of-stake mechanism, potentially attracting those seeking passive income. This development builds on Canada’s history of pioneering crypto ETFs, having previously launched the first spot Bitcoin and Ethereum ETFs. While this move signals growing institutional acceptance of Solana, some analysts remain cautious, noting that U.S.-based Solana futures ETFs have seen limited interest compared to other crypto products.