tl;dr
Canadian asset manager 3iQ has filed a prospectus to list a Solana exchange-traded product (ETP) on the Toronto Stock Exchange. If approved, the ETP, called the Solana Fund, will trade under the ticker QSOL and provide exposure to SOL price movements and staking yield. 3iQ aims to enhance the digita...
Canadian asset manager 3iQ has filed a prospectus for the first publicly traded Solana exchange-traded product (ETP) on the Toronto Stock Exchange (TSX). If approved, the ETP will be named the Solana Fund and trade under the ticker QSOL, offering exposure to SOL price movements and staking yield.
3iQ aims to establish a global standard of excellence in digital asset investment and innovation in Canada, prioritizing regulated investment vehicles for both individual and institutional investors.
3iQ's Executive Vice President of Product, Greg Benhaim, emphasized the company's commitment to enhancing Canada's digital asset investment landscape in collaboration with the Ontario Securities Commission (OSC).
The Solana ETP aligns with 3iQ's continuous mission to provide regulated investment vehicles, embodying the highest standards and fostering efficient access to the expanding crypto asset class for investors.
3iQ's strategic advisor, Christopher Matta, highlighted the ETP's staking capability, similar to the Ether ETPs, enabling the yield to be passed through to investors.
3iQ's initiative with the Solana ETP follows its pioneering endeavors in the digital asset investment space, including the first publicly listed Bitcoin fund and Ether fund in Toronto.
Upon the announcement, the price of SOL experienced modest downward movement over the past 24 hours, based on data from CoinDesk Indices.
UPDATE (June 20, 21:42 UTC): Updates with additional quotes