3iQ, a Canadian asset manager, has recently made headlines with the announcement of their plans to launch an exchange-traded product (ETP) on the Toronto Stock Exchange (TSX) focused on Solana, a popular cryptocurrency. This ETP, known as The Solana Fund (QSOL), will be the first publicly traded Solana ETP in North America if approved by the Ontario Securities Commission (OSC).
The Solana Fund, if given the green light by the OSC, will provide investors with exposure to SOL, the native cryptocurrency of the Solana network. The fund’s objective is to offer investors opportunities for long-term capital appreciation as well as staking yield generated by the Solana network.
3iQ, the investment manager and portfolio manager of QSOL, is excited about this new venture and aims to set a global standard of excellence in the digital asset investment landscape. Greg Benhaim, Executive Vice President of Product and Head of Trading at 3iQ, expressed the company’s pride in working closely with the OSC to bring this innovative investment opportunity to Canadian investors.
In addition to The Solana Fund, 3iQ is well-known for its other digital asset investment offerings, such as the Bitcoin Fund (QBTC) and The Ether Fund (QETH). These funds were the first publicly traded Bitcoin and Ether funds in Canada, showcasing 3iQ’s commitment to providing investors with convenient ways to access the digital asset market.
Furthermore, 3iQ has also introduced the 3iQ Ether Staking ETF (ETHQ), which was the first ETP in North America to incorporate Ether (ETH) staking into its investment strategy. This move demonstrates 3iQ’s dedication to innovation and their mission to deliver regulated investment vehicles that meet the highest standards for individual and institutional investors.
As 3iQ continues to expand its offerings in the digital asset space, investors can look forward to more opportunities to efficiently access the crypto asset class through regulated investment products. The company’s partnerships with reputable firms like Canaccord Genuity, Tetra Trust, and Coinbase Custody Trust Company, LLC, further solidify their commitment to providing investors with trusted and secure investment options.
Overall, 3iQ’s launch of The Solana Fund represents another milestone in the company’s journey to revolutionize the digital asset investment landscape in Canada and beyond. With a focus on innovation, excellence, and regulatory compliance, 3iQ is paving the way for investors to participate in the growing world of digital assets with confidence and security.