3iQ files North America’s first Solana ETP prospectus

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

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

3iQ recordsdata Solana Fund (QSOL) prospectus

In a June 20 X put up, 3iQ Corp. introduced the submitting of a preliminary prospectus associated to the preliminary public providing of Canada’s Solana Fund (QSOL).

3iQ Corp. is happy to announce that we’ve got filed a preliminary prospectus for the preliminary public providing of Canada’s Solana Funds (QSOL).

This continues our report of innovation and, if relevant regulatory approvals are obtained,… pic.twitter.com/7ghv05f8gU

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

If permitted by the Ontario Securities Fee (OSC), the Solana Fund will commerce beneath the ticker image QSOL and is designed to offer buyers with SOL funding alternatives. Moreover, the fund is designed to offer alternatives for long-term capital appreciation and staking earnings generated by the Solana community.

“3iQ is dedicated to setting the worldwide normal of excellence and we’re proud to work carefully with the OSC to responsibly enhance Canada’s digital asset funding panorama.” explain Greg Benhaim, government vp of merchandise and head of buying and selling at 3iQ, mentioned in a press launch.

As QSOL’s funding supervisor and portfolio supervisor, 3iQ will oversee the fund’s operations. The agent for the providing is Canaccord Genuity, with Tetra Belief and Coinbase Custody Belief Firm, LLC serving as custodians. Moreover, Coinbase Custody’s institutional staking infrastructure might be used to help SOL staking in Solana funds.

3iQ’s Bitcoin and Ethereum Funds

Based in 2012, 3iQ has change into one of many world’s main digital asset funding fund administration firms, offering buyers with a handy and acquainted method to put money into digital belongings.

firm introduce Bitcoin Fund (QBTC) and Ethereum Fund (QETH), creating Canada’s first publicly traded Bitcoin and Ethereum funds. Moreover, QETH and 3iQ Ethereum Collateralized ETF (ETHQ) is North America’s first ETP Include Ethereum (ETH) is staked into their funding technique.

“As a pioneer in digital asset funding administration, we look ahead to persevering with our mission of offering particular person and institutional buyers with regulated funding automobiles that embody the very best requirements and work with best-in-class companions to effectively entry and withdraw from the crypto asset class. ” 3iQ emphasised in its press launch.