#CanadaSOLETFLaunch

On April 16, 2025, Canada launched the world’s first spot Solana (SOL) exchange-traded funds (ETFs), marking a significant milestone in cryptocurrency investment. Approved by the Ontario Securities Commission, four asset managers—Purpose Investments, Evolve ETFs, CI Global Asset Management, and 3iQ—introduced these ETFs on the Toronto Stock Exchange. These innovative funds provide direct exposure to Solana and incorporate staking features, allowing investors to earn additional yields by participating in the network’s operations. Purpose Investments’ SOLL ETF, for instance, utilizes proprietary validator infrastructure to enhance staking rewards. This development positions Canada ahead of the U.S., where similar spot crypto ETFs are still under regulatory review.     

Source: gpt