The price of Solana ($SOL ) rose to its highest price so far in April on Thursday, outpacing other top coins following the launch of multiple Solana ETFs in Canada with staking capabilities, along with long-awaited Solana infrastructure upgrades at centralized exchange Coinbase.
Solana is currently trading for nearly $133, per data from CoinGecko, reaching that level for the first time since March 28. SOL is up 6% on the day, outpacing daily gains from Bitcoin, Ethereum, XRP, and other top 10 coins ranked by market cap.
Over the last week, Solana is up nearly 23%, making it one of the biggest gainers in the top 100 coins.
The recent surge comes amid Wednesday's launch of Canada's first spot Solana ETFs, from issuers including 3iQ, Evolve, CI, and Purpose. The exchange-traded funds feature staking functionality, providing investors with yield obtained by issuers staking their SOL to support the Solana blockchain.
Spot Solana ETFs have yet to be approved in the United States, though firms including VanEck, 21Shares, and Bitwise have filed applications with the Securities and Exchange Commission to launch such products.
