#CanadaSOLETFLaunch

This refers to the historic launch of the world’s first spot Solana Exchange-Traded Funds (ETFs) in Canada on April 16, 2025. These ETFs were approved by the Ontario Securities Commission and are traded on the Toronto Stock Exchange. The launch was led by four asset management firms: Purpose Investments, Evolve ETFs, CI Global Asset Management, and 3iQ.

These ETFs give investors direct access to Solana (SOL), one of the leading cryptocurrencies, without the need to manage or store the digital asset themselves. A unique feature of these funds is the staking option, which allows investors to earn passive rewards through Solana’s proof-of-stake network. This move makes Canada a global leader in crypto-based financial innovation, especially at a time when similar products are still under review in countries like the United States.