Canada Leads in Crypto ETFs: Approves Spot Solana ETFs with Staking as US Waits

Edited by: Yuliya Shumai

Canada Approves Spot Solana ETFs While US Waits for SEC

Toronto, Canada, has taken a significant step in the cryptocurrency investment landscape. The Ontario Securities Commission (OSC) approved spot Solana (SOL) ETFs on Monday. This allows four asset managers—Purpose, Evolve, CI, and 3iQ—to launch funds with staking abilities on the Toronto Stock Exchange starting Wednesday, April 16, 2025.

In contrast, U.S. issuers like Grayscale and Fidelity are still awaiting SEC approval for spot Solana ETFs. Currently, only Solana futures ETFs trade in the U.S., with relatively low volumes. SOLZ has around $5 million and SOLT with around $10 million in assets.

These Canadian ETFs will hold actual SOL tokens and permit staking, potentially offering investors extra rewards while contributing to network security. This move positions Canada as a leader in offering diverse crypto investment products.

Read more news on this topic:

Canada to Launch World's First Spot Solana ETFs This Week

Canada Leads in Crypto Innovation with Approval of Spot Solana ETFs

Canada Approves Solana ETFs Amidst US Regulatory Hesitation

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