The landscape of digital asset investing is evolving rapidly, and Purpose Investments Inc. ("Purpose") continues to lead the charge with the debut of the Purpose Solana ETF (ticker: SOLL). As one of the first spot Solana ETFs globally to offer native staking rewards accrued directly to the fund, SOLL sets a new benchmark for innovation in regulated crypto investment products.
Now trading on the Toronto Stock Exchange (TSX), this ETF delivers investors direct exposure to Solana (SOL), a high-performance blockchain known for its speed, scalability, and vibrant ecosystem of decentralized applications. Backed by Purpose’s proprietary in-house staking infrastructure, SOLL is engineered to provide some of the highest staking yields available through spot Solana ETFs in Canada, all within a secure, regulated framework.
Reinventing Access to Blockchain Innovation
Solana has emerged as a major player in the blockchain space, offering lightning-fast transaction speeds and low fees—making it a preferred platform for developers building real-world decentralized finance (DeFi), NFT, and Web3 applications. With the launch of the Purpose Solana ETF, investors gain efficient, compliant access to this dynamic ecosystem without the complexities of managing private keys or navigating crypto exchanges.
👉 Discover how regulated crypto ETFs are transforming digital asset investing
“Solana is pushing the boundaries of blockchain innovation from speed and scalability to real-world decentralized applications,” said Vlad Tasevski, Chief Innovation Officer at Purpose Investments. “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.”
By leveraging its in-house validator technology, Purpose maintains greater control over staking operations, reducing counterparty risk and improving net yield capture. This level of operational integration enhances efficiency and security—key advantages for both retail and institutional investors seeking portfolio-ready exposure to crypto assets.
Key Benefits of the Purpose Solana ETF
The Purpose Solana ETF stands out in the competitive crypto ETF market due to its unique combination of features designed to maximize investor value:
🔹 Direct Physical Exposure to Solana (SOL)
Unlike synthetic or futures-based products, SOLL holds actual Solana tokens, ensuring investors receive true price exposure to one of the most innovative Layer 1 blockchains.
🔹 Native Staking Rewards Built In
Staking rewards are earned directly by the fund through Purpose’s own validator nodes. These returns are reinvested into the ETF, compounding value over time—an advantage not offered by most competing products.
🔹 Institutional-Grade Security and Accessibility
All SOL holdings are secured in cold storage using institutional-grade custodians. The ETF trades on the TSX and can be held in registered accounts such as RRSPs and TFSAs, making it accessible through traditional brokerage platforms.
🔹 Multi-Currency Options for Flexible Exposure
Investors can choose from three share classes:
- SOLL: CAD-hedged units
- SOLL.B: CAD non-hedged units
- SOLL.U: USD non-hedged units
This flexibility allows investors to tailor currency risk according to their strategy.
🔹 Lower Costs Through In-House Infrastructure
By operating core components like staking and reward management internally, Purpose reduces reliance on third parties, lowering operational costs and passing those savings on to investors in the form of higher net yields.
Why Native Staking Makes a Difference
Most crypto ETFs either exclude staking entirely or rely on third-party service providers, which can introduce inefficiencies and reduce net returns. Purpose’s decision to run its own validator infrastructure gives it a crypto-native edge—a rare capability among asset managers.
Paul Pincente, VP of Digital Assets at Purpose, explained: “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 vertically integrated model ensures faster response times, better governance participation, and greater transparency—critical factors as blockchain networks evolve and require active validator engagement.
👉 Learn how advanced staking models are shaping the future of yield generation
Canada’s Largest Digital Asset ETF Manager Expands Its Leadership
With over $22 billion in assets under management, Purpose Investments remains Canada’s largest provider of digital asset ETFs. Its comprehensive lineup includes:
- Purpose Bitcoin ETF (BTCC) – The world’s first spot Bitcoin ETF
- Purpose Ether ETF (ETHH) – The world’s first spot Ether ETF
- BTCY & ETHY – Yield-generating ETFs using covered call strategies
- ETHC.B – An Ether staking-focused ETF offering PoS rewards
- SOLL – The latest addition: a spot Solana ETF with native staking
This diverse suite allows investors to customize their exposure across different digital assets, risk profiles, and return objectives—all within regulated financial products.
Frequently Asked Questions (FAQ)
Q: What is a spot Solana ETF?
A: A spot Solana ETF directly holds Solana (SOL) tokens rather than using derivatives. This provides investors with real-time price exposure to the underlying asset in a regulated exchange-traded structure.
Q: How does staking work in the Purpose Solana ETF?
A: The fund stakes its SOL holdings through Purpose’s proprietary validator nodes. Rewards generated from staking are accrued directly to the fund and distributed to shareholders over time, enhancing total return potential.
Q: Can I hold the Purpose Solana ETF in my TFSA or RRSP?
A: Yes. SOLL is eligible for registered accounts including TFSAs and RRSPs, making it a tax-efficient way to gain exposure to Solana.
Q: Is there counterparty risk with this ETF?
A: Counterparty risk is minimized through cold storage custody solutions and in-house staking operations. Unlike funds reliant on third-party staking services, Purpose controls its own validator infrastructure.
Q: How does SOLL compare to other crypto staking ETFs?
A: SOLL is among the first spot Solana ETFs globally with native staking. Combined with multi-currency options and direct physical backing, it offers one of the most advanced and investor-friendly structures available today.
Q: Are there fees associated with investing in SOLL?
A: Like all investment funds, SOLL has management fees and operational expenses. However, due to Purpose’s in-house infrastructure, cost efficiencies help keep fees competitive while maximizing net yield.
Driving the Future of Decentralized Finance
As blockchain technology reshapes global financial systems, Purpose Investments remains at the forefront of bridging traditional finance with decentralized innovation. The launch of SOLL reinforces its mission to deliver secure, simple, and purpose-built solutions that meet investors where they are—and help them move forward with confidence.
Whether you're an active trader, long-term holder, or income-focused investor, the Purpose Solana ETF offers a streamlined entry point into one of the most dynamic ecosystems in crypto.
👉 See how next-generation ETFs are unlocking institutional-grade crypto access
With continued advancements in staking efficiency, regulatory compliance, and product design, Purpose is not just following trends—it's setting them. As the digital economy evolves, so too does the way investors engage with it. And with SOLL, Purpose ensures that access remains safe, simple, and rewarding.
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