Canada’s Solana ETFs Launch: Price Outlook Before April 16th

On April 16, 2025, Canada will welcome the world’s first spot Solana (SOL) exchange-traded funds (ETFs), marking a significant step in crypto investing. The launch of these groundbreaking ETFs comes after approval from the Ontario Securities Commission for issuers like Purpose, Evolve, CI, and 3iQ. These new funds will offer a unique approach by combining direct asset holding with yield generation through staking. Notably, unlike traditional spot crypto ETFs, these Canadian funds will hold physical Solana tokens and actively stake SOL tokens, providing investors with both exposure to price movement and the potential for income from staking rewards.