Canada to Launch World’s First Spot Solana ETFs on April 16
After leading the way with Bitcoin and Ethereum ETFs, Canada is now set to launch the world’s first-ever spot Solana ETFs on April 16, 2025. This marks a major step forward not only for Canadian investors but for the broader global crypto market. The launch comes as Solana (SOL) has seen a strong price surge—up 25% in the past week.
Regulators Approve Solana ETFs
The Ontario Securities Commission (OSC) has approved several major investment firms—Purpose Investments, Evolve ETFs, CI Global Asset Management, and 3iQ—to offer Solana ETFs to the public.
Unlike some crypto funds that only track prices, these ETFs will hold actual Solana tokens. This means investors get direct exposure to the asset.
Built-In Staking Sets These ETFs Apart
What makes these ETFs unique is the inclusion of staking. Bloomberg’s Eric Balchunas reported that TD Bank will handle staking services for the funds. Through staking, investors can earn rewards by helping support the Solana network—potentially boosting returns.
Solana’s staking rewards are also typically higher than Ethereum’s, which could make these ETFs even more attractive to long-term holders.
Different Strategies for Different Investors
Each ETF will follow a different index, giving investors multiple options depending on their risk appetite and investment goals. However, all the funds aim to hold physical Solana for the long term, reflecting strong institutional confidence in the token’s future.
Solana Buzz Builds Ahead of Launch
Interest in Solana has spiked across social media and crypto communities, according to on-chain analytics firm Santiment. Meanwhile, blockchain data from Nansen shows Solana recorded over 355 million transactions last week—more than any other network.
SOL Price Outlook: $151 on the Horizon?
Solana’s price has been consolidating between $125 and $135 recently. Analysts say a breakout above $137 could send the price toward $151. However, if it drops below the key $125 support level, it may fall further to $117.
The coming days will be crucial for Solana’s short-term price movement—just as investor attention heats up with the ETF launch around the corner.
Featured image from: reddit.com