#CanadaSOLETFLaunch 🚨 Canada to Launch First-Ever Spot Solana ETFs — With Staking Features

Big milestone for the crypto market! 🇨🇦 On April 16, Canada will officially roll out the world’s first spot Solana ETFs, as approved by the Ontario Securities Commission (OSC). Four major asset managers — Purpose, Evolve, CI, and 3iQ — are behind the launch.

🔑 Key Highlights:

▫️These ETFs will include staking features

▫️Potential for higher yields than ETH staking

▫️Designed to reduce ETF holding costs

▫️Launch confirmed via circular shared by TD Bank and Bloomberg's Eric Balchunas

Meanwhile, U.S. players like Grayscale, Bitwise, 21Shares, and VanEck are still awaiting approval for similar spot Solana ETFs. In contrast, existing Solana futures ETFs in the U.S. have seen limited AUM so far.

👀 What this means:

Canada is leading the charge in the altcoin ETF race — and all eyes are on how these products perform. With built-in staking rewards, this could set a precedent for future crypto ETF designs.