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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Mutual fund
Bonds, Cash & Other100.00%
Mutual fund98.78%
Cash1.22%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
SOLL assets under management is 3.99 M CAD. It's risen 19.19% over the last month.
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.
No, SOLL doesn't pay dividends to its holders.
SOLL shares are issued by Purpose Unlimited under the brand Purpose. The ETF was launched on Apr 15, 2025, and its management style is Active.
SOLL follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SOLL invests in funds.
SOLL trades at a premium (2.15%) meaning the ETF is trading at a higher price than the calculated NAV.