Canada Pioneers Spot Solana ETFs with Staking Rewards, Launching April 16
Canada is making history by introducing the world’s first spot Solana exchange-traded funds (ETFs) on April 16, 2025. Approved by the Ontario Securities Commission (OSC), these ETFs will be offered by four major issuers: Purpose Investments, Evolve ETFs, CI Global Asset Management, and 3iQ. Notably, these funds will include staking rewards, setting them apart from futures-based products by directly holding SOL tokens. This groundbreaking development marks a significant milestone in the cryptocurrency investment landscape, offering investors a new way to gain exposure to Solana’s ecosystem while earning passive income through staking.
Canada Approves Spot Solana ETFs with Staking Rewards
Canada is set to debut the world’s first spot Solana exchange-traded funds (ETFs) on April 16. The Ontario Securities Commission (OSC) has approved listings from four major issuers: Purpose Investments, Evolve ETFs, CI Global Asset Management, and 3iQ. Bloomberg senior ETF analyst Eric Balchunas shared the news, highlighting that the funds will include staking rewards. Unlike futures-based products, these spot Solana ETFs will hold SOL tokens directly, offering investors real-time price exposure to the underlying asset. Each fund will track a different Solana-related index, providing diversified strategies while maintaining on-chain backing. This approval cements Canada’s reputation as a global leader in crypto ETF innovation.
Canada Set to Launch World’s First Spot Solana ETFs on April 16
Canada is set to launch the world’s first-ever spot Solana ETFs (Exchange-Traded Funds) on April 16, 2025. The Ontario Securities Commission (OSC) has approved several major ETF issuers, including Purpose Investments, Evolve ETFs, CI Global Asset Management, and 3iQ, to offer these ETFs in the country. These ETFs will hold real Solana (SOL) tokens, rather than just tracking the price. The launch comes as Solana’s price has increased by 25% in the past week, marking a significant moment for both Canada and the global crypto space.
Canada to Launch Solana Spot ETFs with Staking Feature
The first spot exchange-traded funds (ETFs) for Solana (SOL) in North America are set to go live in Canada this week. According to Eric Balchunas, a senior ETF analyst at Bloomberg, multiple issuers including Purpose, Evolve, CI, and 3iQ have received the green light from regulators to launch spot Solana ETFs. These ETFs will offer investors access to funds holding long-term positions in SOL, tracking the physical Solana tokens, and will include staking via TD. The launch marks a significant milestone, especially as the broader investor community awaits potential approval of spot ETFs for Solana and other altcoins in the United States. The ETFs are scheduled to be launched on April 16, 2025.
Canada Approves First Solana ETFs With Staking
Canada is set to make crypto history with the launch of the first-ever spot Solana ETFs on April 16. Approved by the Ontario Securities Commission (OSC), these ETFs offer direct exposure to SOL and are brought to mainstream investors by top asset managers like Purpose, Evolve, CI, and 3iQ. Unlike U.S. funds that use derivatives, these Canadian ETFs hold actual SOL tokens and also allow staking, which could boost investor returns. This move signals the beginning of the “altcoin ETF race” and highlights Canada’s proactive stance in the crypto space, diving into alternative coins while the U.S. SEC has only approved spot Bitcoin and Ethereum ETFs.
