On Thursday, 3iQ Digital Asset Management announced the submission of the preliminary prospectus for the Solana Fund (QSOL) to the Canadian securities regulatory authorities (excluding the province of Quebec).
If approved, QSOL will be the first exchange-traded product (ETP) for Solana (SOL) in North America, to be listed on the Toronto Stock Exchange (TSX) under the ticker “QSOL”.
This potential listing is a significant achievement for 3iQ, a leader in digital asset investments. Previously, the company introduced the first publicly traded funds for Bitcoin and Ethereum in Canada.
3iQ Corp. is pleased to announce that we have submitted the preliminary prospectus for the Canadian Solana Fund (QSOL) initial public offering.
This continues our track record of innovation, if applicable regulatory approvals are obtained,…
pic.twitter.com/7ghv05f8gU
— 3iQ Digital Asset Management (@3iq_corp)
June 20, 2024
QSOL aims to provide investors with exposure to SOL, reflecting its daily price movements in US dollars and offering opportunities for long-term capital growth. Additionally, the fund will benefit from the staking activities in the Solana network, expected to range between 6-8% in returns.
Read more:
SEC Finally Suspends Investigation into Ethereum
Greg Benshaim, Executive Vice President of Product and Head of Trading at 3iQ, emphasized the company’s dedication to innovation and compliance with regulatory requirements, stating:
3iQ aims to establish a global standard for excellence, and we are proud to work closely with the OSC to responsibly enhance the investment landscape for digital assets in Canada.
3iQ is collaborating with Canaccord Genuity as the offering agent, and Tetra Trust and Coinbase Custody Trust Company serve as custodians. The fund will utilize Coinbase Custody’s institutional staking infrastructure to support SOL stakes.
