• Canadian asset manager 3iQ announced it has filed a prospectus to list a Solana ETF in Toronto.
  • 3iQ was one of the first fund managers to launch a publicly traded Bitcoin fund, as well as an Ether fund in Toronto

As an experienced analyst with a background in the Canadian financial industry, I am closely monitoring the latest development in the digital asset space. I was particularly intrigued by the recent announcement made by 3iQ, a leading Canadian asset manager, regarding its plans to launch North America’s first publicly traded Solana exchange-traded product (ETF) on the Toronto Stock Exchange (TSX).


Today, 3iQ unveiled its plan to introduce North America’s inaugural publicly listed Solana exchange-traded product on the Toronto Stock Exchange (TSX), having filed a prospectus with the Ontario Securities Commission.

“3iQ aspires to establish a top-tier standard worldwide and is pleased to collaborate with the OSC to thoughtfully advance the digital asset investment sector in Canada,” expressed Greg Benhaim, Product Executive Vice President and Head of Trading at 3iQ, in a statement.

As a crypto investor, I’m excited to share that a new fund, named the Solana Fund, is in the works and may trade under the ticker symbol QSOL once approved by the Ontario Securities Commission (OSC). This innovative investment vehicle will provide investors with more than just price exposure to Solana (SOL); it also offers an opportunity to benefit from staking rewards generated within the network. Being the first publicly listed crypto fund to offer such exposure, it’s a significant step forward in bringing the benefits of decentralized finance to a wider audience.

“As trailblazers in the field of digital asset investment, we’re excited about continuing our commitment to providing regulated investment options for both individual and institutional investors. These offerings will uphold the highest standards and be collaborations with top-tier industry partners. Through these partnerships, investors can seamlessly gain access to the burgeoning crypto market.”

3iQ was among the pioneering fund managers to introduce a Bitcoin investment fund to the public, listing it on the Toronto Stock Exchange (TSX). It also made history by being the first to bring a publicly traded Ether fund into existence, both in Toronto.

As a crypto investor, I’ve observed that the value of Solana (SOL) took a gentle dip in the last 24 hours based on the information provided by CoinDesk Indices.

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2024-06-21 00:24