Solana ETF in the works: 3iQ files for new ETP in Canada

cyptouser4 months agoCryptocurrencies News55
55966e89>

Digital asset manager 3iQ has filed for a Solana (SOL) exchange-traded product listing on Canada’s Toronto Stock Exchange (TSE) — and it seeks to include staking.

“We have submitted a preliminary prospectus for The Solana Fund (QSOL) in Canada in relation to an initial public offering,” 3iQ posted to X on June 20.

If approved, it would be the first Solana ETP listed in North America, the firm noted.

Source: 3iQ Digital Asset Management

QSOL was filed on a preliminary prospectus with securities regulatory authorities in all Canadian provinces and territories except Quebec, 3iQ noted.

QSOL would offer “exposure to the digital currency SOL” and the “daily price movements of the U.S. dollar price SOL.”

Related: ASX’s first Bitcoin ETF taps $1.3M volume on first trading day

In addition, QSOL holders may accrue interest from native SOL staking yields.

The firm noted that staking yields currently range between 6-8%.

Coinbase Custody and Tetra Trust would serve as custodians while Coinbase Custody would provide the institutional staking infrastructure needed to Solana staking for QSOL.

The Canadian firm is also behind The Bitcoin Fund (QBTC), The Ether Fund (QETH), the 3iQ Bitcoin ETF (BTCQ) and the 3iQ Ether Staking ETF (ETHQ) on the TSE.

Magazine: Polkadot’s Indy 500 driver Conor Daly: ‘My dad holds DOT, how mad is that?’

The content on this website comes from the Internet. Due to the inconvenience of proofreading the authenticity and accuracy of the copyright or content of some content, it may be temporarily impossible to confirm the authenticity and accuracy of the copyright or content. For copyright issues or other issues caused by this, please Call or email this site. It will be deleted or changed immediately after verification.

related articles

Bitcoin ‘whale games’ come early as BTC price swoons below $60K

Bitcoin ‘whale games’ come early as BTC price swoons below $60K

55966e89˃Bitcoin (BTC) slipped below $60,000 for the first time in seven weeks on June 24 as analysi...

Op-ed: Rookie mistakes don't stop Musk's gaming debut from drawing millions

Elon Musk officially became a gaming streamer on Oct. 3 as he streamed himself playing Diablo IV on...

Metis integrates Chainlink's CCIP to boost ecosystem growth and cross-chain capabilities

Ethereum Layer-2 network Metis has integrated Chainlink’s Cross-Chain Interoperability Protocol (CCI...

Bridging commerce, culture and gaming: An ecosystem for complete digital identities

Bridging commerce, culture and gaming: An ecosystem for complete digital identities

1205f261˃While Web3 struggles to blend virtual experiences with real-world rewards, Metropolis intro...

Crypto platform takes on sustainability challenges, adds ESG-friendly launchpad

Crypto platform takes on sustainability challenges, adds ESG-friendly launchpad

55966e89˃By integrating crypto and fiat management with multiple wallet support and sustainable inve...

Authorities shut down Samourai Wallet, arrest founders over money laundering charges in $2 billion DOJ case

International authorities collaborated to shut down Samourai Wallet and arrested its two founders on...