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Canadian watchdog greenlights spot Solana ETFs with staking rewards – TON BOT

Canadian watchdog greenlights spot Solana ETFs with staking rewards

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Canada is set to launch the world’s first spot Solana (SOL) exchange-traded funds (ETFs) on April 16, approved by the Ontario Securities Commission. These ETFs will hold SOL tokens directly, offering real-time price exposure to the asset and participating in Solana staking for additional rewards. This move solidifies Canada’s position as a leader in crypto ETF innovation, while the US lags behind with only futures-based Solana products available. The success of the Canadian launch could influence regulatory decisions in other jurisdictions.

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