What does Canada's first Solana ETF offer? – Will the price rise to 150 USD?
After Bitcoin and Ethereum ETFs, Canada launched the world's first spot Solana ETF today, April 16, 2025, marking a significant moment not only for Canada but also for the global cryptocurrency market.
Canada launches Solana ETF
The Ontario Securities Commission (OSC) has officially 'given the green light' to several ETF issuers, including Purpose Investments, Evolve ETFs, CI Global Asset Management, and 3iQ, to roll out the Solana ETF in the country.
These companies will offer new ETFs that hold actual Solana (SOL) tokens, rather than just tracking the price.
What makes these ETFs special is that they will also include staking. According to Eric Balchunas of Bloomberg, the ETFs will use TD Bank for staking services. Staking means holding Solana to help the network and, in return, earning additional tokens as rewards.
This could provide investors with higher returns, especially since staking Solana pays more than Ethereum and may also reduce the overall cost of holding the ETF.
How is this ETF different from others?
Although all ETFs hold Solana, each ETF will track a different index. This offers investors various ways to invest in Solana based on their goals and strategies.
However, all will focus on holding physical Solana for the long term, demonstrating a strong belief in the future of this token.
The Solana market
Solana has been receiving a lot of attention recently, not just from investors! According to data from Santiment
