news 
Canada Approves First Spot Solana ETFs With Staking Features
In a significant development for the crypto market, the Ontario Securities Commission (OSC) has approved four issuers to list spot Solana ETFs with staking features in Canada. Purpose, Evolve, CI, and 3iQ will each be listing their own Solana ETF in Canada, marking the first time spot Solana ETFs have been approved with staking features.
The new funds will hold Solana (SOL) and include SOL staking, allowing investors to earn additional yield by locking SOL on the network through staking. This move brings Canada into a league of countries offering regulated altcoin investment vehicles.
According to reports, the Ontario Securities Commission’s approval follows changes introduced in January 2024 that revised the legal framework for publicly traded crypto funds in Ontario. The updated rules will require each Solana ETF to follow specific guidelines and ensure regulatory oversight remains in place for all issuers.
The development is seen as a major milestone in the global cryptocurrency market, given Canada’s willingness to adopt more liberal regulations compared to its US counterpart. In contrast, the U.S. Securities and Exchange Commission (SEC) has not approved any spot Solana ETFs, restricting investors from participating in staking opportunities.
Despite the recent approval, it remains unclear what percentage of staking will be allowed for each ETF. The OSC did not specify the exact staking percentage, leaving investors to remain vigilant about potential changes in the market.
In a related development, Volatility Shares launched the first Solana futures ETF in March 2025. However, as reported by Bloomberg analyst Eric Balchunas, the product has seen low demand and has held around $5 million in net assets as of April 14.
Source: https://coinchapter.com/canada-approves-first-spot-solana-etfs-with-staking-features/?utm_source=rss&utm_medium=rss&utm_campaign=canada-approves-first-spot-solana-etfs-with-staking-features
