Canada Approves First Spot Solana ETFs with Staking for April 16 Launch
The post Canada Approves First Spot Solana ETFs with Staking for April 16 Launch appeared on BitcoinEthereumNews.com.
TLDR Canada will launch spot Solana ETFs with staking capabilities on April 16, 2025 Purpose, Evolve, CI, and 3iQ are the approved asset managers for these ETFs The ETFs will allow staking for added yield, ahead of US regulatory approval US Solana futures ETFs have seen limited investor interest so far Canada has previously led with crypto ETFs, launching the first spot Bitcoin ETF in 2021 Canada plans to launch several spot Solana (SOL) exchange-traded funds (ETFs) with staking capabilities on April 16, 2025. These will be the world’s first spot Solana ETFs, according to Bloomberg senior ETF analyst Eric Balchunas. The Ontario Securities Commission (OSC), which oversees the Toronto Stock Exchange, has approved four asset managers to list these products. Purpose Investments, Evolve Funds Group, CI Global Asset Management, and 3iQ Digital Asset Management will offer the ETFs. Canada is readying spot Solana ETFs to launch this week after regulator gave green light to multiple issuers incl Purpose, Evolve, CI and 3iQ. ETFs will include staking via TD pic.twitter.com/FSw149Xkm4 — Eric Balchunas (@EricBalchunas) April 14, 2025 This launch highlights Canada’s leading role in crypto ETF innovation. The country previously launched the first spot Bitcoin ETF in February 2021, well ahead of similar products in the United States. Staking Yields Create Competitive Advantage What makes these Solana ETFs unique is their staking capability. Staking allows ETF holders to earn rewards from the underlying SOL tokens being staked on the network. According to a TD Bank circular shared by Balchunas, “The new Solana ETFs will engage in staking activities to earn rewards, which may provide higher yields than Ether staking and reduce overall ETF holding costs.” This feature could attract investors looking for both price exposure and passive income. The staking component gives Canadian ETFs a competitive advantage over current US…
Filed under: News - @ April 15, 2025 9:24 am