Canada to Launch First Spot Solana ETFs with Staking Feature

Canada is set to revolutionize the cryptocurrency exchange-traded fund (ETF) market with the launch of the first ever spot Solana ($SOL) ETFs, featuring a unique staking feature. The Ontario Securities Commission (OSC) has authorized 4 asset management firms, namely 3iQ, CI, Evolve, and Purpose, to release these ETFs on the Toronto Stock Exchange within this week. These innovative ETFs will offer both long-term physical $SOL holdings and exposure to diverse indices, while including the ability for holders to earn yield through staking.