Canadian asset manager 3iQ has announced on X, that it has filed a prospectus with the Ontario Securities Commission (OSC) to launch North America’s first publicly traded Solana exchange-traded product (ETP) on the Toronto Stock Exchange (TSX). This move reinforces 3iQ’s pioneering role in the digital asset investment space.
3iQ, known for being at the forefront of crypto exchange-traded funds (ETFs), was one of the first fund managers to successfully launch publicly traded Bitcoin and Ether funds in Toronto. The new Solana ETP aims to continue this legacy of innovation.
The Solana Fund: A New Milestone
The proposed Solana Fund, set to trade under the ticker QSOL upon approval, will offer investors exposure to Solana’s price movements. Additionally, it will provide exposure to staking yields generated by the Solana network, a feature designed to enhance investor returns.
Christopher Matta, a Strategic Advisor to 3iQ, emphasized the innovative aspect of the Solana ETP, highlighting its staking feature. “Our goal is to continue pushing the envelope and maintaining Canada as an innovation hub. The Solana ETP will have staking enabled, similar to our Ether ETPs, allowing us to pass through the yield to investors,” Matta told CoinDesk.
Continuing a Tradition of Innovation
3iQ has a track record of breaking new ground in the digital asset space. The firm was the first to list a publicly traded Bitcoin fund and an Ether fund on the TSX, paving the way for broader acceptance and investment in digital assets.