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Canada has become the first country to approve spot Solana (SOL) exchange-traded funds (ETFs), set to launch on April 16, 2025. The Ontario Securities Commission greenlit multiple issuers, including Purpose Investments and CI Global Asset Management, offering investors direct exposure to SOL. These ETFs will also feature staking, potentially boosting returns beyond price appreciation.
- Canada is the first country to approve spot Solana ETFs, with four major firms set to launch them on April 16, 2025.
- The ETFs include staking capabilities, potentially offering additional yields beyond SOL's price appreciation.
- The U.S. has only futures-based SOL ETFs, which have underperformed, while spot ETF approvals remain pending with the SEC.
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