3 months ago
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QSOL aims to mirror SOL's US dollar price movements and offer staking yields.
<?xml encoding="UTF-8"?>3iQ Digital Asset Management, a Canadian digital asset investment fund manager., has filed for the initial public offering of the first Solana exchange-traded product (ETP) in North America.
The Solana Fund, under the ticker QSOL, will be listed on the Toronto Stock Exchange, offering exposure to Solana’s digital currency, SOL.
UPDATE: 3iQ just filed to launch the first Solana ETF in Canada (and thus North America). Looking to launch under the ticker $QSOL. Canada had spot Bitcoin and spot Ethereum ETFs before the US even got futures ETFs for either asset. h/t @alextapscott https://t.co/Ra6vDdepil pic.twitter.com/LRO4NJWhAr
— James Seyffart (@JSeyff) June 20, 2024
Greg Benhaim, Executive Vice President of Product and Head of Trading at 3iQ, stated:
“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 crypto asset class.”
The Fund aims to provide unitholders with the daily price movements of SOL, long-term capital appreciation, and staking yield. 3iQ has a history of digital asset innovation, including the first publicly traded Bitcoin and Ether funds in Canada.
VanEck, a prominent investment manager, has been vocal about its belief in Solana’s potential, having launched a Solana ETN on the German stock exchange Deutsche Börse in 2021.
In a recent report, VanEck analysts Matthew Sigel and Patrick Bush predicted that Solana will join the spot ETF wars in 2024, driven by a wave of asset managers submitting filings.
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