On April 16, 2025, Canada launched the
world's first spot Solana (SOL)
exchange-traded funds (ETFs), approved by
the Ontario Securities Commission. Four
asset managers-3iQ, Purpose Investments,
Evolve ETFs, and CI Global Asset
Management-introduced these ETFs on the
Toronto Stock Exchange. A notable feature
is their integration of staking, allowing
investors to earn yields estimated between
6% and 8% from Solana's blockchain
operations. This initiative positions Canada
ahead of the U.S., where similar ETFs
remain under regulatory review. By offering
direct exposure to SOL and staking benefits,
these ETFs provide a regulated avenue for
investors to engage with the Solana
ecosystem.
