On April 16, 2023, the Ontario Securities Commission (OSC) in Canada officially approved the world's first spot ETF for Solana (SOL), issued by four institutions including Purpose Investments and Evolve ETFs. This product not only supports real-time price tracking but also innovatively incorporates staking functionality, offering an annualized return of 6%-8%, making it North America's first crypto financial instrument that combines 'spot holdings + on-chain earnings'. This groundbreaking initiative may reshape the landscape of the crypto market, but opportunities and risks coexist.

Product Analysis: Yield Advantages and Mechanism Innovation

1. Staking Yield Competitiveness

The Solana ETF provides investors with an annualized staking return of 5%-7% (with some predictions reaching 8%) by participating in the network's Proof of Stake (PoS) mechanism, significantly higher than the 4%-5% offered by Ethereum spot ETFs. Its yield is derived from network transaction verification rewards, and through institutions like TD Bank, it achieves on-chain staking custody, allowing investors to earn passive income without directly managing private keys.