Purpose Investments has done something neat by launching the Purpose Solana ETF, which gives investors direct access to Solana’s high-throughput network. This unique ETF is specially engineered to bring staking rewards directly into the fund, boosting returns for investors. The launch deepens Purpose Investments’ suite of crypto ETFs, further solidifying its position as the leader in digital asset investing.
The Purpose Solana ETF comes in CAD-hedged units (SOLL), CAD non-hedged units (SOLL.B), and USD nonhedged units (SOLL.U). This offering provides a comprehensive range of digital asset solutions, building on Purpose's existing crypto suite, which includes the world's first spot Bitcoin ETF and Ether ETF. Purpose Investments Inc., the Canadian asset management firm behind this initiative, has more than $22 billion in assets under management.
Key Features and Benefits
The Purpose Solana ETF would be one of the first ETFs in the world. Since the other crypto hubs don’t provide direct physical exposure to Solana that makes it unique. Investors can enjoy all the benefits of native staking yield—one of the many crypto-native advantages—combined with a secure, portfolio-friendly structure. The ETF aims to provide investors with the highest staking rewards available on spot Solana ETFs in Canada.
Native staking is powered by Purpose’s proprietary in-house staking infrastructure. This world-class infrastructure provides safer, easier investment and more rapid returns at greater yield. The ETF rounds out Purpose’s deepening suite of crypto solutions, providing investors with a powerful and growing array of digital asset solutions.
"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." - Vlad Tasevski, Chief Innovation Officer
Proprietary Infrastructure and Security
Purpose builds security and efficiency into their operation by bringing the core components in-house. This covers everything from staking and reward management, all powered via their proprietary validator infrastructure. By controlling these elements internally, Purpose seeks to mitigate counterparty risk and maximize net yield capture.
"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." - Paul Pincente, VP of Digital Assets
Purpose’s own in-house technology infrastructure protects consumers’ data while providing a smooth, trustworthy investment experience. Smart infrastructure like this increases efficiency in returns and improves yields. This provides them with a distinct edge among their investor peers in the digital asset space. With a focus on security and operational efficiency, the company has quickly emerged as the trusted leader in crypto ETFs.
Leadership and Vision
Purpose Investments is a division of Purpose Unlimited, an independent financial technology company founded by entrepreneur Som Seif. With the launch of the Purpose Solana ETF, the company continues to demonstrate its commitment to innovation and providing investors with access to cutting-edge digital assets. We created this ETF to meet investors where they are and guide them forward with more confidence.
The launch of Canada’s first Purpose Solana ETF extends the largest, most diverse suite of crypto ETFs in the world. Purpose Investments is committed to being the global leader in digital asset investing in Canada and around the world through innovative, purpose-built solutions. With an unparalleled commitment to innovation and security, the company is quickly establishing itself as a leader in the constantly evolving world of digital assets.
