Four asset managers, Purpose, Evolve, CI, and 3iQ, are launching spot Solana ETFs on the Toronto Stock Exchange on Wednesday, following approval from the Ontario Securities Commission. This move marks Canada as the first market to offer spot Solana ETFs with staking features, ahead of U.S. competitors like Grayscale and Fidelity, who remain under SEC review for their applications. While two Solana futures ETFs exist in the U.S., they have attracted only modest asset volumes, approximately $5 million and $10 million, respectively. In contrast, spot crypto ETFs have seen significant investor interest, accumulating billions in assets over the past year, particularly the bitcoin ETFs which have made history as the most successful ETF launches. This new offering is expected to expand investment opportunities for Canadian investors in the cryptocurrency space.

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