3iQ Files for Solana ETF Listing in Toronto, Aiming to Be First in North America
Coindesk1 year ago
1090

3iQ Files for Solana ETF Listing in Toronto, Aiming to Be First in North America

Solana
ETF
Canada
3iQ
Crypto
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Summary:

  • 3iQ has filed a prospectus to list a Solana ETF in Toronto, aiming to be the first in North America.

  • The Solana Fund will trade under the ticker QSOL if approved by the OSC.

  • This will be the first publicly listed crypto fund to offer exposure to staking yield on the Solana network.

  • 3iQ is known for its previous successes in launching Canada's first Bitcoin and Ether funds.

  • The company emphasizes its focus on providing regulated and high-quality investment vehicles for the crypto asset class.

Canadian asset manager 3iQ is looking to launch North America's first publicly traded Solana exchange-traded product (ETP) on the Toronto Stock Exchange (TSX). This follows 3iQ's history of being a pioneer in the crypto ETF space, having already launched Canada's first publicly traded Bitcoin and Ether funds. The new Solana Fund, trading under the ticker QSOL, will provide exposure to both SOL price movements and staking yield generated by the Solana network. This marks a first for any publicly listed crypto fund. 3iQ is emphasizing its commitment to providing regulated and high-quality investment vehicles for both individual and institutional investors seeking access to the growing crypto asset class.

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