#CanadaSOLETFLaunch #CanadaSOLETFLaunch

Canada Pioneers Spot Solana ETF Launch with Staking

On April 16, 2025, Canada made history by launching the world’s first spot Solana (SOL) Exchange-Traded Funds (ETFs) on the Toronto Stock Exchange, reinforcing its leadership in crypto innovation. Approved by the Ontario Securities Commission, four asset managers—Purpose Investments, Evolve ETFs, CI Global Asset Management, and 3iQ—introduced these ETFs, offering investors direct exposure to SOL’s price movements without the complexities of managing digital wallets. A standout feature is the inclusion of staking, allowing funds to earn 5-8% annualized yields by participating in Solana’s proof-of-stake mechanism, a first for North American crypto ETFs.