#SolanaSurge Canada will launch the world's first Solana spot ETF on April 16

Canada will launch the world's first Solana ETF on April 16, 2025, as the price of Solana rises by 25% in the past week.

Canada launches the first Solana ETF with a new staking mechanism through TD Bank, allowing investors to earn additional tokens and support network security, with the potential for higher returns than staking Ethereum.

Santiment recorded lively discussions about Solana on social media, while Nansen reported that Solana achieved a record of 355 million transactions last week, surpassing all other blockchains.

The Ontario Securities Commission approved four companies – Purpose Investments, Evolve ETFs, CI Global Asset Management, and 3iQ – to launch the Solana ETF.

These ETFs not only track the price but also directly monitor the SOL token, marking a significant difference from synthetic products.

Solana is trading in the range of 125-135 USD, and could rise to 151 USD if it surpasses 137 USD, but falling below 125 USD could pull the price back to 117 USD.

The approved Solana ETFs will track specific indices, providing a diverse investment strategy that reflects the growing confidence in the long-term potential of holding Solana.