3iQ recordsdata prospectus for first North American Solana ETP

Canadian asset administration firm 3iQ introduced that it has filed a prospectus with the Ontario Securities Fee (OSC) to launch an exchange-traded fund (ETP) on the Toronto Inventory Change (TSX).

If permitted, the fund can be the primary publicly traded Solana ETP in North America.

3iQ recordsdata prospectus for Solana Fund (QSOL)

3iQ Corp. introduced in a June 20 X submit that it has filed a preliminary prospectus for The Solana Fund (QSOL) in reference to its preliminary public providing in Canada.

3iQ Corp. is happy to announce that it has filed a preliminary prospectus for the preliminary public providing of The Solana Fund (QSOL) in Canada.

This may proceed our monitor report of innovation and, topic to relevant regulatory approvals,… pic.twitter.com/7ghv05f8gU

— 3iQ Digital Asset Administration (@3iq_corp) June 20, 2024

Topic to approval by the Ontario Securities Fee (OSC), the Solana Fund will commerce below the ticker QSOL and is designed to offer buyers with publicity to SOL. Moreover, the fund goals to offer alternatives for long-term capital appreciation and staking yields generated by the Solana community.

“3iQ goals to set a worldwide customary of excellence and is proud to work carefully with the OSC to responsibly improve Canada’s digital asset funding setting.” Said Greg Ben-Haim, government vice chairman of merchandise and head of buying and selling at 3iQ, stated in a press launch:

Because the funding supervisor and portfolio supervisor for QSOL, 3iQ will oversee the operation of the fund. The providing agent is Canaccord Genuity, with Tetra Belief and Coinbase Custody Belief Firm, LLC appearing as custodians. Moreover, Coinbase Custody’s institutional staking infrastructure will probably be used to help SOL staking within the Solana Fund.

3iQ Bitcoin and Ethereum Fund

Based in 2012, 3iQ has established itself as one of many world’s main digital asset funding fund managers, providing buyers a handy and acquainted solution to acquire publicity to digital belongings.

The agency launched the Bitcoin Fund (QBTC) and Ether Fund (QETH), pioneering the primary Bitcoin and Ether funds listed in Canada, and moreover, QETH and the 3iQ Ether Staking ETF (ETHQ) have been the primary ETPs in North America to include Ether (ETH) staking into their funding technique.

“As a pioneer in digital asset funding administration, we stay up for persevering with our mission of offering a regulated funding car for retail and institutional buyers to effectively entry the crypto asset class whereas embodying the very best requirements and dealing with best-in-class companions,” 3iQ emphasised in a press launch.