Key stats
About PURPOSE SOLANA UNITS CURRENCY HEDGED ETF CAD
Home page
Inception date
Apr 15, 2025
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Primary advisor
Purpose Investments, Inc.
The fund aims to provide a secure, convenient, and cost-effective way to invest in Solana, avoiding the complexities of direct investment. Solana is recognized for fast, low-cost transactions compared to Ethereum but faces criticisms over network outages and hacks. SOL is volatile, influenced by regulatory shifts, tech advancements, and market sentiment. The knock-on effect of buying into the fund is the potential financial reward, but also, supports network operability. Purpose is leveraging its in-house validator infrastructure, for rewards and potentially lowering costs. Initially, the fund targets staking up to 50% of its Solana holdings. The fund does not engage in short-term speculation or non-hedging derivatives. The fund hedges US currency exposure for CAD ETF Currency Hedged Units using forward contracts. It plans limited short-term borrowing for Solana purchases under NI 81-102 rules.
Classification
Symbol
Geography
Global
What's in the fund
Exposure type
Mutual fund
Bonds, Cash & Other100.00%
Mutual fund98.78%
Cash1.22%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Related funds
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
SOLL trades at 11.65 CAD today, its price has fallen −5.97% in the past 24 hours. Track more dynamics on SOLL price chart.
SOLL net asset value is 11.95 today — it's fallen 9.58% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
SOLL assets under management is 3.99 M CAD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
SOLL fund flows account for 3.07 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
SOLL invests in funds. See more details in our Analysis section.
No, SOLL isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
No, SOLL doesn't pay dividends to its holders.
SOLL trades at a premium (3.66%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
SOLL shares are issued by Purpose Unlimited
SOLL follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Apr 15, 2025.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.