3iQ Files to Launch an ETP based in Solana in Toronto

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3iQ has announced they have submitted a prospectus to the Ontario Securities Commission to launch the first publicly traded Solana exchange-traded product in North America on the Toronto Stock Exchange (TSX).

“We strive for excellence on a global scale and are honored to collaborate with the OSC to responsibly enhance the digital asset investment landscape in Canada,” stated Greg Benhaim, Executive Vice President of Product and Head of Trading at 3iQ, in a press release.

If approved by the OSC, the fund, named the Solana Fund, will be listed under the ticker QSOL. It will not only provide exposure to SOL’s price momentum but also offer exposure to the staking yield generated by the network.

“Our aim is to continuously challenge boundaries and keep Canada as a hub of innovation. Similar to our Ether ETFs, the Solana ETP will allow staking, enabling us to pass on the yield to investors,” explained Christopher Matta, a Strategic Advisor at 3iQ.

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