#CanadaSOLETFLaunch

Canada has launched four spot Solana ETFs, offered by Purpose Investments, Evolve ETFs, CI Global Asset Management, and 3iQ, on the Toronto Stock Exchange. These ETFs feature staking, allowing investors to earn passive income, and are expected to attract significant interest. This move puts Canada ahead of the US in offering Solana ETFs, with potential implications for the global crypto market.

Key Details:

Launch Date: April 16, 2025

Issuers: Purpose Investments, Evolve ETFs, CI Global Asset Management, and 3iQ

Exchange: Toronto Stock Exchange (TSX)

Staking: Enabled, offering 8% annualized yield

Potential Impact: Could influence US regulators to approve similar products and drive growth in the crypto ETF sector