3iQ to Launch North America’s First Solana Exchange-Traded Product

3iQ announced today that it has filed a prospectus with the Ontario Securities Commission to launch North America’s first publicly traded Solana exchange-traded product on the Toronto Stock Exchange (TSX).

Setting a Global Standard

“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,” said Greg Benhaim, Executive Vice President of Product and Head of Trading at 3iQ, in a release.

The Solana Fund

The fund, called the Solana Fund, will trade under the ticker QSOL if approved by the OSC. In addition to offering exposure to the price movements of SOL, it will also offer exposure to staking yield generated by the network which will be a first for any publicly listed crypto fund.

Greg Benhaim shared his thoughts, saying:

“As pioneers in digital asset investment management, we look forward to continuing our mission to deliver regulated investment vehicles – embodying the highest standards and working with best-in-class partners – for individual and institutional investors to efficiently access the growing crypto asset class.”

3iQ’s Achievements

3iQ was one of the first fund managers to list a bitcoin fund, with its Bitcoin Fund on the TSX, and the first to launch a publicly listed Ether fund, also in Toronto.

Market Reaction

The price of SOL remained modestly lower over the past 24 hours following the news, according to data from CoinDesk Indices.