Particle.news
Download on the App Store
3 ARTICLES
·
last wk.

Canada Approves and Prepares to Launch First Spot Solana ETFs with Staking

The groundbreaking ETFs, set to debut on the Toronto Stock Exchange, integrate staking features to enhance yields and reduce costs, while U.S. issuers await regulatory approval.

Vancouver, Canada (Shutterstock)
Image

Overview

  • The Ontario Securities Commission has approved four asset managers—Purpose, Evolve, CI, and 3iQ—to launch the world’s first spot Solana ETFs with staking capabilities.
  • The ETFs will begin trading on the Toronto Stock Exchange on Wednesday, April 16, 2025, offering investors exposure to Solana in physical form with staking rewards.
  • Staking within the ETFs is expected to provide higher yields and lower holding costs compared to traditional crypto ETFs, making them a unique offering in the market.
  • While Canadian regulators have embraced staking in ETFs, U.S. authorities, including the SEC, continue to delay similar approvals, underscoring divergent regulatory approaches.
  • The launch reflects a growing global trend toward regulated crypto investment products, following the success of spot Bitcoin ETFs and rising institutional interest in digital assets.