#CanadaSOLETFLaunch Canada has launched the world's first spot Solana ETFs, beating the US to the punch. Four asset managers - 3iQ Corp., Evolve Funds Group Inc., CI Global Asset Management, and Purpose Investments - have listed products on the Toronto Stock Exchange. These ETFs provide direct exposure to Solana tokens (SOL) and allow investors to earn passive income through staking.
*Key Features of the ETFs:*
- *Staking functionality*: All four ETFs have staking functionality, enabling investors to earn rewards in the form of additional SOL tokens.
- *Management fees*: The management fees vary among the ETFs, with some offering zero fees for a limited time. For example:
- *3iQ's SOLQ*: 0% management fee for the first 12 months, then 0.15%.
- *CI GAM's SOLX*: 0% management fee until July 16, then 0.35%.
- *Evolve's SOLA*: 0% management fee for the remainder of 2025, then 1.00%.
- *Purpose's SOLL*: 0.39% management fee.
- *Trading options*: Some ETFs offer different trading options, such as Canadian-dollar-hedged or US-dollar-denominated units.ยน
