The world's first "Solana Spot ETF" has been approved by Canada and is open for staking, with SOL bouncing back nearly 20% in a week.

Canada's Ontario Securities Commission (OSC) has approved multiple traches of the Solana spot ETF and has simultaneously opened its staking function, and is expected to officially list the product for trading on April 16 local time. (Synopsis: Hong Kong Ethereum spot ETF officially approved to "provide staking staking" function, the United States is also fast? (Background added: The first "2x XRP leveraged" fund in the United States is launched, analysts: Ripple spot ETF approval is only a matter of time) Canada approves Solana spot ETF, ahead of the US footsteps! Eric Balchunas, a senior ETF analyst at Bloomberg, cited documents on X late yesterday (14) that the Ontario Securities Commission (OSC) in Canada has approved the application for a Solana spot ETF submitted by Purpose, Evolve, Cl and 3iQ, and is expected to officially list the product for trading on April 16 local time. It is worth mentioning that the Canadian regulator not only approved the world's first Solana spot ETF, but also opened the ETF's staking function, and Eric Balchunas pointed out its key advantages: The new Solana ETF is allowed to participate in staking activities to earn rewards, which may provide higher yields than Ethereum ETFs and reduce the overall cost of ETF ownership. 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 SOL has rebounded nearly 20% in the past week, and in terms of short-term performance of coin prices, SOL There is no obvious incentive, basically follow Bitcoin. But within a week, SOL has rebounded 18.46%, making it the top 10 top-performing coins. Will there be continued inflows following the official listing of the Solana spot ETF in Canada this week? Can be observed continuously. When will the US Solana spot ETF be approved? However, returning to the market scale, the US market is still the largest in terms of influence and capital volume. After Trump became president of the United States, asset management companies including Grayscale and Bitwise have successively submitted applications for Solana, XRP, DOGE and other cryptocurrency spot ETFs, and among them, the current market believes that the most likely to be approved this year are Solana and XRP spot ETFs. Canada has preemptively made a decision that may further increase the odds of the US approving the Solana spot ETF. Another important point to note is that Canada's approval of the Solana spot ETF was accompanied by the approval of its staking function – a significant piece missing from the current spot cryptocurrency ETF market. In the future, whether the US SEC will approve the staking of relevant cryptocurrency ETFs may become another key to whether institutions decide to enter the market. Note: Hong Kong has approved the staking function of the Ethereum spot ETF last week, and the staking function of the Solana spot ETF approved by Canada has led many analysts to predict that the SEC will eventually let go of the ETF staking function. VanEck Registered BNB ETF Fund in the United States, Can It Pass SEC Securities Review? Yuanta 0050 investors "broke one million to set a record for Taiwan" ETF is about to split, but netizens shouted: Beware of crying on the top of the mountain Trump media joins hands with Crypto.com to push the "Made in the USA" cryptocurrency ETF, CRO sprayed 40% (the world's first "Solana spot ETF" was approved by Canada and opened for stake, SOL hit nearly 20% in a week" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".