Canada's 3iQ Files to List Solana ETP in Toronto
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 20 2024
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Source: Business Insider
- 3iQ Files Prospectus for Solana ETP: Canadian asset manager 3iQ has filed a prospectus to list North America's first publicly traded Solana exchange-traded product (ETP) on the Toronto Stock Exchange (TSX).
- Features of the Solana Fund: If approved, the Solana Fund will trade under the ticker QSOL and offer exposure to both price movements of SOL and staking yield generated by the network.
- 3iQ's Innovation and Mission: 3iQ aims to set a global standard in digital asset investment, working with regulatory bodies like the Ontario Securities Commission (OSC) to enhance Canada's investment landscape.
- Staking Enabled ETP: The Solana ETP will have staking enabled, similar to Ether ETPs, allowing investors to receive staking rewards.
- Market Impact: Despite the announcement, the price of SOL saw a modest decrease over the past 24 hours according to CoinDesk Indices.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
