Purpose Investments has launched one of the world’s first spot Solana ETFs with staking rewards accruing directly to the fund.
Takeaway Points
- Purpose Investments launches Solana ETF.
- This new ETF will offer investors a comprehensive range of digital asset solutions.
- The ETF is available in CAD-hedged units (ticker: SOLL)
- Purpose Investments Inc., is an asset management company with over $22 billion in assets under management, focused on client-centric innovation across ETFs and investment funds.
Purpose Solana ETF
Purpose Investments Inc., the firm behind the world’s first spot Bitcoin ETF and spot Ether ETF, said on Wednesday that it is expanding its digital asset suite with the launch of the Purpose Solana ETF (ticker: SOLL). SOLL is one of the first ETFs worldwide to provide direct physical exposure to Solana while delivering staking rewards accruing directly to the fund. With native staking powered by Purpose’s proprietary in-house staking infrastructure, SOLL is designed to deliver the highest staking rewards currently available through spot Solana ETFs in Canada.
Vlad Tasevski, Chief Innovation Officer, remarked, “Solana is pushing the boundaries of blockchain innovation from speed and scalability to real-world decentralized applications. With the Purpose Solana ETF, we’re giving investors efficient, regulated access to this rapidly growing digital ecosystem, with the added benefit of native staking. As the only fund manager operating key aspects of the fund in-house through our technology infrastructure, we’re able to deliver a secure and seamless investment experience, along with more efficient returns and higher yields. This launch builds on the broadest suite of crypto ETFs in the country – and our mission to lead digital asset investing both here in Canada and globally with thoughtful, purpose-built solutions that meet investors where they are and help them move forward with confidence.”
Paul Pincente, VP of Digital Assets, commented, “The Purpose Solana ETF provides direct access to Solana’s high-throughput network, with staking integrated through our proprietary validator infrastructure. By internalizing key operational components – including staking and reward management – we reduce counterparty risk, improve net yield capture, and create a more efficient, institutional-grade investment structure. This level of control helps us support a more consistent and streamlined investment experience as the digital asset space continues to evolve.”
The Launch
According to the report, this new ETF complements Purpose’s existing crypto suite, which includes the world’s first spot Bitcoin ETF and first Ether ETF, offering investors a comprehensive range of digital asset solutions.
The Benefit of the Purpose Solana ETF
The firm explained that the benefits of the Solana ETF include direct exposure to Solana, native staking yield, crypto-native advantage, security, a portfolio-ready structure, and unique availability with three currency exposures.
The ETF is available in CAD-hedged units (ticker: SOLL), CAD non-hedged units (ticker: SOLL.B), and USD non-hedged units (ticker: SOLL.U), Purpose said.
About Purpose Investments
Purpose Investments Inc. is an asset management company with over $22 billion in assets under management, focused on client-centric innovation across ETFs and investment funds. Purpose Investments is a division of Purpose Unlimited, an independent financial technology company led by entrepreneur Som Seif.
