On April 16, 2025, the world's first spot Solana (SOL) exchange-traded fund (ETF) was launched, marking its continued leadership in the cryptocurrency financial products sector. Approved ETFs and issuing institutions

- The Ontario Securities Commission (OSC) in Canada approved applications from four asset management companies on April 14, including Purpose Investments, Evolve ETFs, CI Global Asset Management, and 3iQ. These ETFs were listed on the Toronto Stock Exchange on April 16, with the ticker symbol SOLQ

- This is the world's first spot ETF that directly holds SOL tokens and allows staking, in stark contrast to the only futures-based Solana ETF in the United States.

The Solana ETF in Canada not only provides a compliant entry channel for institutional investors but also promotes the integration of cryptocurrency and traditional finance. However, the actual scale of market demand and whether the SOL price can continue to break through resistance will become key focus areas moving forward.