Canada to Launch First-Ever Staking-Enabled Spot Solana ETFs

Canada marks a significant milestone in the digital asset market with the approval of the first spot Solana ETFs featuring staking capabilities. Four asset managers – Purpose, Evolve, CI, and 3iQ – are set to list these products on the Toronto Stock Exchange starting April 10, according to a circular cited by Bloomberg analyst Eric Balchunas.

The spot SOL ETFs will hold the underlying asset in physical form and track different indices. Their key innovation lies in integrating staking, allowing investors to earn additional yields through participation in Solana’s transaction validation.

This approach may reduce holding costs and deliver net yields that outperform traditional products, including those based on Ethereum. For investors, this launch offers both diversification opportunities and regulated access to returns from the proof-of-stake ecosystem.

Amid rising demand for crypto products integrated into traditional finance, Canada is emerging as a progressive regulatory example. The launch of staking-enabled spot Solana ETFs may attract new institutional capital and intensify competition in the regulated crypto product market.