Canada is set to lead with the launch of spot Solana ETFs as four firms—Purpose Investments, Evolve, 3iQ, and CI Global Asset Management—prepare to debut their products on the Toronto Stock Exchange. This move comes on the heels of Canada's history of groundbreaking crypto ETFs, including the first bitcoin ETF in February 2021. The SEC in the U.S. has only recently permitted spot bitcoin and ether ETFs, marking a significant delay compared to Canada's swift regulatory approvals. The upcoming Solana ETFs will incorporate staking features, with firms like Evolve planning to stake up to half of their portfolio's SOL. Evolve is also launching with a promotional 0% management fee until the end of 2025, while Purpose is leveraging its in-house validator to minimize costs. The continuous advancements in Canada's regulatory framework demonstrate its proactive stance in the crypto market amidst ongoing deliberations in the U.S.

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