Solana Spot ETFs Launch on TSX with 6% to 8% Staking Rewards

On April 16th, a Canadian asset management company introduced four Solana (SOL) spot ETFs on the Toronto Stock Exchange (TSX). This move marks the debut of North America's first Solana Exchange-Traded Product (ETP) with staking functionality. These ETFs are designed to track the USD price of SOL and offer investors the opportunity to earn annualized staking rewards ranging from 6% to 8%, providing a new avenue for those seeking passive income.

According to the analyst's forecast, the launch of the Solana spot ETF could have a positive impact on SOL's market performance. Over the past 2025 days, SOL's price has decreased by approximately 33.21%. It is recommended to closely monitor the ETF's market acceptance and capital inflows. Additionally, analysts suggest paying attention to whether the SOL price can stabilize above $122 and watching for signs of breaking through $149.74. Before making any investment decisions, it is advisable to implement adequate risk management strategies and consider your investment goals and risk tolerance.