{"id":23060,"date":"2025-04-15T15:25:07","date_gmt":"2025-04-15T12:25:07","guid":{"rendered":"https:\/\/forklog.com\/en\/canada-to-launch-first-spot-solana-etfs-with-staking-feature\/"},"modified":"2025-04-15T15:25:07","modified_gmt":"2025-04-15T12:25:07","slug":"canada-to-launch-first-spot-solana-etfs-with-staking-feature","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/canada-to-launch-first-spot-solana-etfs-with-staking-feature\/","title":{"rendered":"Canada to Launch First Spot Solana ETFs with Staking Feature"},"content":{"rendered":"<p>On April 16, Canadian companies will introduce the world&#8217;s first spot Solana ETFs to the market, according to Bloomberg analyst Eric Balchunas.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">FWIW, the 2 solana ETFs in US (which track futures so not a perfect ginnea pig) hhaven&#8217;t done much. Very little in aum. The 2x XRP already has more aum than both the solana ETFs and it came out after. Wouldn&#8217;t read a ton into it, but it&#8217;s our first look at the alt coin race<\/p>\n<p>\u2014 Eric Balchunas (@EricBalchunas) <a href=\"https:\/\/twitter.com\/EricBalchunas\/status\/1911793767431954663?ref_src=twsrc%5Etfw\">April 14, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The expert shared a screenshot of a TD Bank message stating that the Ontario Securities Commission has approved four products from Purpose, Evolve, CI, and 3iQ.<\/p>\n<p>The funds will offer a Solana staking feature, potentially providing higher yields compared to similar Ethereum-based products and reducing the costs of owning an ETF, according to a TD Bank statement.<\/p>\n<p>Balchunas noted that in March, Volatility Shares had already launched two futures-based SOL ETFs in the US, which &#8220;haven&#8217;t done much.&#8221; The assets under management remain small: approximately $5.1 million in one fund and $8.7 million in another, according to <a href=\"https:\/\/www.theblock.co\/solana-etf-live-chart\">The Block<\/a> tracker.<\/p>\n<p>Back in February 7, the <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span> <a href=\"https:\/\/forklog.com\/en\/news\/sec-reviews-grayscales-solana-etf-application\">accepted<\/a> an NYSE Arca application via form 19b-4 to amend rules that would allow the listing of a spot exchange-traded fund based on Solana ETFs from Grayscale Investments.<\/p>\n<p>The regulator is also considering proposals from<a href=\"https:\/\/forklog.com\/en\/news\/solana-reaches-all-time-high-amid-four-sol-etf-listing-applications\"> 21Shares, Bitwise, Canary, and VanEck<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On April 16, Canadian companies will introduce the world&#8217;s first spot Solana ETFs to the market, according to Bloomberg analyst Eric Balchunas. FWIW, the 2 solana ETFs in US (which track futures so not a perfect ginnea pig) hhaven&#8217;t done much. Very little in aum. The 2x XRP already has more aum than both the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":23059,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[771,1289,569,1159],"class_list":["post-23060","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-canada","tag-cryptocurrency-staking","tag-etf","tag-solana-sol"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/23060","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=23060"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/23060\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/23059"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=23060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=23060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=23060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}