Canada is about to make crypto history with the world’s first spot Solana ETFs, combining staking rewards with institutional-grade exposure to SOL.
Canada to Launch Solana ETFs
The Ontario Securities Commission (OSC) has officially approved multiple ETF providers—including Purpose Investments, Evolve ETFs, CI Global Asset Management, and 3iQ—to launch Solana-based spot ETFs in Canada.
These ETFs will hold real Solana (SOL) tokens, unlike synthetic instruments that just mirror price movements. What sets them apart even further is staking integration.
According to Bloomberg’s Eric Balchunas, TD Bank will provide the staking service for these ETFs. Staking lets investors earn passive income by securing the Solana network, and Solana staking rewards are currently higher than Ethereum’s, making these ETFs even more attractive.
What Makes These ETFs Unique?
Although all ETFs will hold SOL, each one tracks a different index, giving investors multiple strategies to choose from. This offers tailored exposure based on different risk levels and investment goals.
Yet, all of them share a long-term vision—holding actual Solana coins—demonstrating growing confidence in the blockchain’s future.
Solana Social & On-Chain Momentum
Solana isn’t just gaining traction from ETFs—it’s trending across social media platforms, according to blockchain intelligence platform Santiment. Online chatter and mentions are rising sharply.
Additionally, Nansen reports that Solana recorded the most blockchain transactions globally in the last 7 days, with over 355 million transactions, showing massive adoption and utility.
SOL Price Analysis – Next Stop $151?
Solana (SOL) has been trading between $125 and $135 for the past few days. Analysts note that a break above $137 could send the price up to $151.
However, caution is advised. If support at $125 fails, SOL may dip to $117, making the coming days crucial for price direction.
Conclusion:
With the April 16 launch of the first-ever spot Solana ETFs, Canada is setting the stage for a new era in crypto investing. Combining real SOL tokens with staking, these ETFs could redefine passive income in Web3. For investors, this marks a rare opportunity to gain institutional exposure to one of the most dynamic blockchains—while earning more than ever before.
Frequently Asked Questions
Find answers to the most common questions below.
The spot Solana ETFs will be officially launched on April 16, 2025.
They hold real Solana tokens and include staking, offering higher potential returns than Ethereum-based ETFs.
Major Canadian issuers like Purpose Investments, Evolve ETFs, CI Global Asset Management, and 3iQ are launching them.
If SOL breaks above $137, analysts predict it could climb to $151. But dropping below $125 may trigger a decline to $117.
Yes, staking will be handled by TD Bank, a trusted institution, reducing complexity and risk for ETF holders.
This article is for general informational purposes only and is not intended to be, nor should it be considered, legal or investment advice.
