👁️Understand SOL ETF in 3 minutes 🔥 Countdown to approval, are you ready? 1⃣ What is SOL ETF? SOL ETF is an exchange-traded basis (ETF) that tracks the price of $SOL, allowing investors to participate in SOL investment through traditional securities accounts without directly holding cryptocurrency, eliminating the need for complex operations such as wallets and private keys. 2⃣ How many types of SOL ETFs are there? According to whether the SOL token is directly held, it can be divided into spot SOL ETF and futures Solana ETF. Among them, spot SOL ETFs can also be divided into pledged and non-pledged funds. #SolanaETF

3⃣ Which countries have listed SOL ETFs? 🇨🇦 Canada – the world's first spot SOL ETF Canada is the first and currently the only country in the world to approve a spot Solana ETF. In April 2025, Canada's Securities Commission (OSC) approved four asset management firms@3iQ_corp, @CI_Financial, @EvolveETFs, @PurposeInvest to issue spot Solana ETFs and list them on the Toronto Stock Exchange (TSX). These ETFs not only directly hold SOL tokens, but also pioneered the "spot + pledge" model (i.e., pledged spot SOL ETFs), which allows investors to earn additional income through staking. Among these 4 issuers, 3iQ crushes its peers with a market share of 87% - zero management fee + top liquidity + Ark investment platform, dominating the Canadian SOL ETF market. 🇺🇸 U.S. – Futures SOL ETF "Transitional Sandbox" The U.S. futures SOL ETF was approved to be listed on the NASDAQ exchange in March this year, issued by the U.S. investment company Volatility Shares LLC, and has launched two ETF products, SOLZ and SOLT, corresponding to 1x leverage and 2x leverage respectively. Given the high management fees of futures ETFs and the small audience (the main users are short-term speculators), @VolShares The total AUM of the two products is approximately US$65 million, well below Canada's C$191 million (US$140 million). However, @VolShares's futures SOL ETF can be described as a transitional product, and despite its weak performance, its launch is still significant for the US market – paving the way for the approval of US spot SOL ETFs. As the world's largest capital market, the U.S. ETF market has more than one trillion dollars in assets under management, far exceeding the scale of ETFs in other countries. The attitude of the #SEC in the United States is regarded as a global regulatory bellwether. If the spot SOL ETF is approved in the United States, it will be of great significance to the #Solana and crypto markets!