| Company | Product | Launch Date |
|---|---|---|
| Purpose Investments Inc. | Purpose Solana ETF | TSX |
Unlocking Direct Exposure to Solana
Purpose Investments Inc., the firm behind the world’s first spot Bitcoin ETF and spot Ether ETF, has expanded its digital asset suite with the launch of the Purpose Solana ETF(ticker:SOLL). This new ETF provides direct physical exposure to Solana, a high-performance platform known for its speed, scalability, and growing developer ecosystem.
Key Benefits of Purpose Solana ETF
- Direct Exposure to Solana: Gain direct exposure to SOL, the native asset of a high-performance platform known for its speed, scalability, and growing developer ecosystem.
- Native Staking Yield: Capture Solana’s staking yield through a regulated ETF structure – without the complexity of setting up wallets or managing on-chain assets.
- Crypto-Native Advantage: Purpose’s in-house validator infrastructure and deep involvement in the Solana ecosystem will help to reduce cost and improve investor staking yield – offering one of the most efficient Solana staking programs on the market.
Unique Staking Structure
The Purpose Solana ETF features a unique staking structure, where staking rewards accrue directly to the fund. This approach is designed to provide investors with a secure and seamless investment experience, along with more efficient returns and higher yields.
Regulated Investment Structure
The ETF is traded on the TSX and held in cold storage with institutional-grade custodians, making it suitable for investors in registered accounts like RRSPs and TFSAs.
Three Currency Exposures
The Purpose Solana ETF is available in CAD hedged units (ticker: SOLL), CAD non-hedged units (ticker: SOLL.B), and USD non-hedged units (ticker: SOLL.U), providing investors with flexibility in their investment choices.
Industry Leadership and Expertise
Purpose Investments has a deep understanding of the digital asset space and a proven track record of innovation. The company’s in-house staking infrastructure and expertise in Solana provide investors with a unique advantage in the market.
“Solana is pushing the boundaries of blockchain innovation from speed and scalability to real-world decentralized applications,” said Vlad Tasevski, Chief Innovation Officer. “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.”
Comprehensive Digital Asset Suite
Purpose Investments offers a comprehensive suite of digital asset ETFs, including the world’s first spot Bitcoin ETF and first Ether ETF. This suite provides investors with a range of investment options, from active trading to long-term investing.
“Our goal is to provide investors with a range of digital asset solutions that meet their needs and help them navigate the evolving digital economy with confidence,” said Paul Pincente, VP of Digital Assets.
About Purpose Investments
Purpose Investments Inc. is an asset management company with over $22 billion in assets under management. The company is a division of Purpose Unlimited, an independent financial technology company led by entrepreneur Som Seif.
For further information, please visit the Purpose Digital Assets Suite.
Media Inquiries
Media inquiries can be directed to Keera Hart at 905-580-1257 or keera.hart@kaiserpartners.com.
Crypto assets can be extremely volatile, and there can be no assurance that the full amount of your investment in a fund will be returned to you. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed, their values change frequently, and past performance may not be repeated. Fund distribution levels and frequencies are not guaranteed and may vary at Purpose Investments’ sole discretion.
Disclaimer
Certain statements in this document may be forward-looking. Forward-looking statements (“FLS”) are statements that are predictive in nature, depend on or refer to future events or conditions, or that include words such as “may,” “will,” “should,” “could,” “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” or other similar expressions. Statements that look forward in time or include anything other than historical information are subject to risks and uncertainties, and actual results, actions or events could differ materially from those set forth in the FLS. FLS are not guarantees of future performance and are, by their nature, based on numerous assumptions. Although the FLS contained in this document are based upon what Purpose Investments believes to be reasonable assumptions, Purpose Investments cannot assure that actual results will be consistent with these FLS. The reader is cautioned to consider the FLS carefully and not to place undue reliance on the FLS. Unless required by applicable law, it is not undertaken, and specifically disclaimed, that there is any intention or obligation to update or revise FLS, whether as a result of new information, future events or otherwise.