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Canada’s 3iQ Files for Solana ETP Listing on TSX

Canadian asset manager 3iQ has announced its plan to list a Solana Exchange-Traded Product (ETP) in Toronto. As a pioneer in the cryptocurrency investment space, 3iQ was among the first to introduce a publicly traded Bitcoin fund and an Ether fund on the Toronto Stock Exchange (TSX).



Today, 3iQ filed a prospectus with the Ontario Securities Commission (OSC) to launch what could be North America’s first publicly traded Solana ETP. The fund, named the Solana Fund, will trade under the ticker QSOL if it receives approval from the OSC. This new fund will provide investors with exposure to Solana’s price movements and the staking yields generated by the network.

3iQ aims to uphold high standards in the digital asset investment landscape, working closely with regulatory bodies like the OSC to ensure responsible enhancement of investment opportunities in Canada. The company’s innovative approach also emphasizes maintaining Canada as a hub for financial innovation, particularly in the realm of digital assets.

The Solana ETP will include staking capabilities, similar to 3iQ’s existing Ether ETPs, allowing the fund to pass through staking yields to investors. This initiative is part of 3iQ’s broader mission to offer regulated investment vehicles that meet the highest standards and provide efficient access to the growing cryptocurrency asset class for both individual and institutional investors.

Despite the announcement, the price of SOL showed a modest decline over the past 24 hours, according to data from CoinDesk Indices.

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