👁️ Understand SOL ETF in 3 minutes 🔥 Countdown to approval, are you ready? 1⃣ What is SOL ETF? SOL ETF is an exchange-traded fund (ETF) that tracks the price of $SOL, allowing investors to participate in SOL investments through traditional securities accounts without directly holding cryptocurrency, thus avoiding the complexities of wallets, private keys, and other operations. 2⃣ How many types of SOL ETFs are there? Depending on whether SOL tokens are directly held, they can be divided into spot SOL ETFs and futures Solana ETFs. Among them, spot SOL ETFs can further be divided into staking and non-staking types. #SolanaETF

3⃣ Which countries have launched SOL ETFs? 🇨🇦 Canada—The world's first spot SOL ETF Canada is the first and currently the only country to approve a spot Solana ETF. In April 2025, the Ontario Securities Commission (OSC) approved four asset management companies @3iQ_corp, @CI_Financial, @EvolveETFs, and @PurposeInvest to issue a spot Solana ETF, which is listed and traded on the Toronto Stock Exchange (TSX). These ETFs not only hold SOL tokens directly but also pioneered the "spot + staking" model (i.e., staking-type spot SOL ETF), allowing investors to earn additional returns through staking. Among these four issuers, 3iQ dominates the Canadian SOL ETF market with an 87% market share—zero management fees + top liquidity + Ark Invest's platform. 🇺🇸 United States—Futures SOL ETF "Transitional Sandbox" The futures SOL ETF in the United States was approved to launch on the Nasdaq exchange in March this year, issued by the American investment company Volatility Shares LLC, currently offering two ETF products, SOLZ and SOLT, corresponding to 1x and 2x leverage, respectively. Given the high management fees of futures ETFs and their limited audience (mainly short-term speculators), @VolShares' two products have a total asset management scale of about $65 million, far lower than Canada's CAD 191 million (approximately $140 million). However, @VolShares' futures SOL ETF can be considered a transitional product; despite its weak performance, its launch is still significant for the U.S. market—paving the way for the approval of a spot SOL ETF in the U.S. As the largest capital market in the world, the U.S. ETF market manages assets exceeding one trillion dollars, far surpassing the scale of ETFs in other countries. The attitude of the U.S. #SEC is also seen as a global regulatory barometer. If a spot SOL ETF is approved in the U.S., it would be of great significance for #Solana and the crypto market!