It is a game-changing week for the digital asset industry as a Solana ETF is officially set to launch in Canada. Indeed, Bloomberg senior ETF analyst Eric Balchunas confirmed that the SOL investment product is set to go live in the North American nation, and it will offer staking features.
According to Balchunas, there are four asset managers set to launch the Solana ETF on Wednesday of this week. The move is a monumental one, as it will see the world’s first SOL exchange-traded fund officially reach approval. Moreover, it could impact decisions that are looming for the US Securities and Exchange Commission (SEC).
Also Read: Solana Vs. Ethereum: Which Comes Out On Top In 2025?
Solana ETF Gets the Green Light, Will Launch In Canada This Week
There is no denying that the last two years have been monumental for the digital asset sector. The ongoing shift from a regulatory perspective has been unprecedented and undeniable. In the United States, the asset class has been embraced like never before, opening the door for increased legislation that supports its growth in the country.
That effort has been mirrored across the world for much of 2025 as well. Moreover, it will continue this week as the very first Solana ETF is officially set to launch in Canada. Specifically, Bloomberg’s Erich Balchunas shared a screenshot from the country’s TD Bank, noting its Ontario Securities Commission approval.
Canada is readying spot Solana ETFs to launch this week after regulator gave green light to multiple issuers incl Purpose, Evolve, CI and 3iQ. ETFs will include staking via TD pic.twitter.com/FSw149Xkm4
— Eric Balchunas (@EricBalchunas) April 14, 2025
Also Read: Solana Ends Week Up 6% as SOL ETF Takes Major Step Forward
The product will be issued by Purpose, Evolve, CI, and 3iQ, according to the update. Additionally, the product will also offer staking features that allow users to earn rewards. The shared screenshot noted they “may provide higher yield shtan Ether staking and reduce overall ETF holding costs.”
Now, all eyes are on the process for a Solana ETF approval in the United States. There is no shortage of asset managers seeking to issue the investment vehicle. According to filings, Grayscale, Bitwise, 21Shares, Canary, and VanEck are all looking to issue the inaugural US SOL ETF.
