News 
April 14, 2025 
3 min. 
Canada will launch the first spot Solana ETFs in North America this week, expanding access to altcoin-based investment products. The ETFs will go live on April 16, 2025, giving investors direct exposure to Solana (SOL) through regulated funds.
Regulators have approved several asset managers to roll out the ETFs. These include Purpose Investments, Evolve ETFs, CI Global Asset Management, and 3iQ. Each fund will hold physical SOL tokens and track their real-time market value.
Eric Balchunas, a senior ETF analyst at Bloomberg, confirmed the launch on X (formerly Twitter). He also noted that these ETFs will offer staking rewards, providing passive income alongside token exposure.
“This is a notable first for North America,” Balchunas wrote. “The inclusion of staking via TD adds a compelling income layer for investors.”
Solana ETFs Bring Yield and Utility
The staking feature sets these ETFs apart from earlier products. Investors can now earn staking rewards while holding SOL through regulated funds. This could attract long-term holders seeking yield without managing wallets or validators themselves.
Despite the innovation, Balchunas suggested a cautious outlook. He pointed to weak demand for Solana futures ETFs recently launched in the U.S.
“The 2x XRP ETF already has more assets than both Solana ETFs, and it came out later,” he noted.
Canada Leads in Crypto ETF Innovation
Canada continues to lead in crypto ETF innovation. It approved the first spot Bitcoin and Ethereum ETFs before the U.S. allowed similar products. With Solana ETFs now joining the lineup, the country may again influence the broader ETF market.
Analysts believe this could push U.S. regulators to act. The SEC is currently reviewing ETF proposals for several altcoins, including XRP, Litecoin, and Cardano.
Outlook for Crypto-Linked Investment Products
Solana ETFs mark a shift in how traditional finance engages with Web3 assets. These products bridge crypto with conventional investment platforms, offering both exposure and passive income.
As the ETF landscape evolves, Canada’s move could shape global trends in regulated crypto investment.
