- Canadian asset manager 3iQ has submitted a prospectus to the Ontario Securities Commission (OSC) with the aim of launching a new exchange-traded product (ETP) on the Toronto Stock Exchange (TSX).
- If given the green light, this will mark the introduction of the first publicly traded Solana ETP in North America.
- “3iQ seeks to set a global standard of excellence and we’re proud to work closely with the OSC to responsibly enhance the digital asset investment landscape in Canada,” commented Greg Benhaim, Executive Vice President of Product and Head of Trading at 3iQ.
3iQ Corp. announces submission of a preliminary prospectus for a new Solana Fund, QSOL, aiming to offer North American investors exposure to SOL and staking yields.
3iQ Moves to Launch North America’s First Solana ETP
On June 20, 3iQ Corp. revealed that it had filed a preliminary prospectus for The Solana Fund (QSOL) with Canadian regulators, aiming for an initial public offering. This fund, subject to approval by the Ontario Securities Commission (OSC), is set to trade under the ticker QSOL.
A Groundbreaking Step for Solana Investing
The prospective Solana Fund seeks to provide investors with diversified exposure to Solana (SOL), promising opportunities for both long-term capital appreciation and staking yield generated by the Solana network. This innovative move continues 3iQ’s tradition of pioneering digital asset investment solutions.
3iQ’s Legacy with Bitcoin and Ether Funds
Founded in 2012, 3iQ has made significant strides in introducing digital asset investment products to the market. Notably, the company launched the first publicly traded Bitcoin Fund (QBTC) and Ether Fund (QETH) in Canada, establishing a legacy of innovation.
Pioneering In Ether Staking within ETPs
The firm’s Ether-centric funds, including the Ether Fund (QETH) and the 3iQ Ether Staking ETF (ETHQ), broke new ground by being the first ETPs in North America to integrate Ether (ETH) staking within their investment methodologies. These initiatives demonstrate 3iQ’s commitment to advancing the digital asset class.
Conclusion
3iQ’s proactive approach in submitting the prospectus for The Solana Fund (QSOL) reflects its commitment to diversifying digital asset investment options. As it awaits regulatory approval, the company’s forward-looking strategies continue to solidify its reputation as a leader in the digital asset investment sector. Investors will be keenly watching the developments, anticipating future opportunities that this innovative fund could unlock.
