Canada’s 3iQ Launches Solana Staking ETF (SOLQ) with Figment as Provider, Listing on Toronto Stock Exchange

According to recent updates from COINOTAG News, Canada’s 3iQ has announced its choice of Figment as the staking service provider for its newly launched Solana Staking ETF (SOLQ). This ETF, having received approval from the Ontario Securities Commission (OSC) on April 14th, is poised to begin trading on the Toronto Stock Exchange starting April 16th. 3iQ anticipates that SOLQ will deliver an annualized yield ranging from 6% to 8%, with staking operations facilitated through TD Bank, recognized as Canada’s second-largest financial institution. This strategic movement marks a significant step forward in the crypto investment landscape, reflecting growing institutional adoption of cryptocurrencies.