On Thursday, 3iQ Digital Asset Management announced that it has submitted a preliminary prospectus for the Solana Fund (QSOL) to the Canadian securities regulatory authority (excluding the province of Quebec).
If approved, QSOL will become the first exchange-traded product (ETP) for Solana (SOL) in North America and will be listed on the Toronto Stock Exchange (TSX) under the ticker symbol “QSOL”.
This potential listing is a significant achievement for 3iQ, a leader in the digital asset investment field. Previously, the company launched the first publicly traded funds for Bitcoin and Ethereum in Canada.
3iQ Corp. is pleased to announce that we have submitted a preliminary prospectus for the initial public offering of the Canadian Solana Fund (QSOL). This continues our track record of innovation, and if applicable regulatory approvals are obtained…
QSOL aims to provide investors with exposure to SOL’s investment performance, reflecting its daily US dollar price movements, and offering long-term capital growth opportunities. Additionally, the fund will benefit from the income generated by staking activities on the Solana network, with expected returns ranging between 6-8%.
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Greg Benheim, Executive Vice President and Head of Business at 3iQ, emphasized the company’s commitment to innovation and regulatory compliance, stating:
“3iQ is committed to setting global standards of excellence, and we are proud to be working closely with the OSC to responsibly improve Canada’s digital asset investment landscape.”
3iQ is partnering with Canaccord Genuity as the lead agent, with Tetra Trust and Coinbase Custody Trust Company serving as custodians. The fund will utilize Coinbase Custody’s institutional staking infrastructure to support SOL staking.
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