As a researcher with experience in the digital asset investment industry, I’m excited about 3iQ’s latest announcement regarding the filing of a prospectus for The Solana Fund (QSOL) on the Toronto Stock Exchange. If approved by the Ontario Securities Commission, this will mark the first publicly traded Solana ETP in North America.
An Canadian asset management firm, 3iQ, has submitted a prospectus to the Ontario Securities Commission (OSC) for approval, aiming to introduce a new exchange-traded product (ETP) on the Toronto Stock Exchange (TSX).
If approved, the fund will be the first publicly traded Solana ETP in North America.
3iQ Files Prospectus for Solana Fund (QSOL)
On June 20, 3iQ Corp. made an announcement on X that they had filed a preliminary prospectus in Canada for the initial public offering of The Solana Fund (QSOL).
As a researcher at 3iQ Corp., I’m excited to share that we’ve taken a significant step forward in the process of launching our new fund, The Solana Fund (QSOL). We’re proud to announce that we have submitted a preliminary prospectus for this fund in Canada in preparation for an initial public offering.
As a dedicated researcher, I’m excited to share that this development builds upon our legacy of groundbreaking discoveries. Upon securing necessary regulatory approvals, we look forward to bringing this new advancement to fruition.
— 3iQ Digital Asset Management (@3iq_corp) June 20, 2024
Should the Ontario Securities Commission (OSC) give its approval, The Solana Fund will operate under the ticker symbol QSOL. This investment vehicle is intended to enable investors to gain exposure to SOL through their participation. Furthermore, the fund aspires to present possibilities for substantial long-term growth and yield from staking rewards offered by the Solana network.
“I, Greg Benhaim, Executive Vice President of Product and Head of Trading at 3iQ, take pride in our commitment to establishing a top-tier standard in the global digital asset investment sector. We’re excited about collaborating with the Ontario Securities Commission (OSC) to responsibly advance this landscape in Canada.”
As the appointed investment and portfolio manager for QSOL, 3iQ is responsible for managing the day-to-day fund operations. Canaccord Genuity acts as the agent for this offering, while Tetra Trust and Coinbase Custody Trust Company, LLC, serve as custodians to securely hold the funds. Furthermore, Coinbase Custody’s institutional staking infrastructure will facilitate Solana (SOL) staking within the Solana Fund.
3iQ’S Bitcoin and Ether Funds
I’ve been an active investor in digital assets since 2012. Among the numerous players in this space, 3iQ has stood out as one of the most accomplished global fund managers specializing in digital asset investments. With their innovative offerings, they provide me and fellow investors with a hassle-free and familiar avenue to invest in this emerging asset class.
As a crypto investor, I’m excited about the latest offerings from the company. They’ve introduced two groundbreaking funds: the Bitcoin Fund (QBTC) and the Ether Fund (QETH). These are the first publicly traded Bitcoin and Ether funds in Canada. Furthermore, QETH and the 3iQ Ether Staking ETF (ETHQ) are trailblazers in North America, as they’re the first Exchange-Traded Products (ETPs) to incorporate Ether (ETH) staking into their investment strategies. This innovative approach allows us, as investors, to earn rewards by staking our Ether holdings alongside the fund.
“3iQ, leaders in digital asset investment management, are excited to carry on our commitment to providing regulated investment options in the crypto asset class. These offerings will uphold the highest industry standards and be collaborated with top-tier partners, making it convenient for both individual and institutional investors to invest in this emerging market.”
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2024-06-22 01:16