On April 16, 2025, Canada will launch the world’s first Solana ETFs.
Following previous launches of Bitcoin and Ethereum ETFs, this event is significant for the global cryptocurrency market.
Canada to Introduce Spot Solana ETFs
The launch coincides with a recent 25% increase in Solana’s price over the last week.
OSC Approves Solana ETF Offerings from Multiple Issuers
The Ontario Securities Commission (OSC) has approved Solana ETFs from several major ETF issuers.
Purpose Investments, Evolve ETFs, CI Global Asset Management, and 3iQ have received OSC approval to launch Solana ETFs in Canada.
These ETFs will hold actual Solana (SOL) tokens.
Solana ETFs to Incorporate Staking Feature
These ETFs will include staking. According to Eric Balchunas of Bloomberg, TD Bank will provide staking services for these ETFs.
Staking involves holding Solana to support the network and earn coins as rewards.
This feature has the potential to increase investor returns and lower ETF holding costs.
Varied Indices and Physical Solana Holdings in ETFs
While all ETFs will hold Solana, each will track a different index.
These funds will provide investors with different options for investing in Solana based on investment strategies.
All ETFs will focus on holding physical Solana coins for the long term, demonstrating a positive outlook on Solana’s future.
Increased Market Interest and Transactions for Solana
Recent Sentiment data shows a rise in online discussions and social media trends regarding Solana.
Nansen data indicates Solana had the highest transaction count among blockchains in the last week, with over 355 million transactions.
Experts Predict Potential Solana Price Increase to $151
Analysis of Solana’s 1-day price chart shows it has been consolidating between $125 and $135.
Experts suggest that if Solana’s price breaks above $137, it could rise to around $151.
A drop below the $125 support level might lead to a decrease to $117.
Solana‘s price movement in the near term is considered important.
