#CanadaSOLETFLaunch

Canada has made history by launching the world’s first spot Solana (SOL) exchange-traded funds (ETFs) on April 16, 2025, approved by the Ontario Securities Commission (OSC) . Four major asset managers—Purpose, Evolve, CI, and 3iQ—introduced these ETFs on the Toronto Stock Exchange, offering investors exposure to SOL’s price movements while enabling staking for additional yield . This move positions Canada ahead of the U.S., where similar products remain under SEC review . Analysts note that while Solana futures ETFs in the U.S. saw lukewarm demand, the Canadian spot ETFs could attract institutional interest, though their long-term success depends on market adoption . The launch underscores Canada’s leadership in crypto innovation, following earlier milestones like its pioneering Bitcoin and Ether ETFs .