Canada’s monetary regulators have given the inexperienced gentle to a number of spot Solana (SOL) exchange-traded funds, marking one other cryptocurrency milestone for the nation. Based on Bloomberg ETF analyst Eric Balchunas, these new funding merchandise will hit Canadian markets on April 16, 2025.
The Ontario Securities Fee (OSC) allowed a number of monetary establishments to roll out these ETFs yesterday, opening the way in which for direct funding within the Solana cryptocurrency utilizing standard brokerage accounts.
SOL Enters Main Financials
4 massive funding firms have acquired approval to distribute these new crypto merchandise. 31Q, Goal Investments, CI International Asset Administration, and Evolve will all be releasing spot Solana ETFs later this week, offering Canadian traders with quite a lot of selections to spend money on SOL.
These companies are long-time contributors in Canada’s funding area, and their inclusion marks rising institutional acceptance of cryptocurrencies exterior of Bitcoin and Ethereum.
Canada is readying spot Solana ETFs to launch this week after regulator gave inexperienced gentle to a number of issuers incl Goal, Evolve, CI and 3iQ. ETFs will embody staking by way of TD pic.twitter.com/FSw149Xkm4
Staking Features Could Boost Returns For Investors
One of the main features distinguishing these Solana ETFs is their capacity for staking the underlying SOL positions. The OSC has allowed the issuers of ETFs to stake some portion of their Solana, and this could unlock extra returns for investors in excess of price appreciation alone.
TD Bank reported that returns from staking SOL can be higher than those from Ethereum staking, and thus these products could be more appealing to yield-starved investors. The bank also referred to them as “the world’s first spot Solana ETFs,” emphasizing the innovative character of these financial products.US Solana ETF Market Experiences Mixed Results
The US market so far has only futures-based Solana ETFs, with limited success. Balchunas noted that two SOL futures ETFs in the United States, Volatility Shares 2x SOL ETF and Volatility Shares SOL ETF, have failed to gain investor attention since their launch in March 2025.
Both of these products have only accumulated a combined assets under management of nearly $14 million. For comparison, the Teucrium 2x XRP ETF performed better even though it came out later after the SOL products, implying unequal investor interest in disparate cryptocurrency ETFs.SEC Ruling On US Spot SOL ETFs Remains Pending
As Canada progresses with spot Solana ETFs, their equivalents in the United States languish in limbo. It has had applications from some of the largest financial institutions, such as Grayscale Investments, Bitwise, 21Shares, Canary Capital, Fidelity Investments, and VanEck.
The SEC has accepted these filings but has not approved any for release yet. The regulators last month postponed their consideration of VanEck’s Solana Trust ETF filing, rescheduling the deadline to May 19, 2025.
Featured image from Pixabay, chart from TradingView
